On Tuesday, Citigroup earned a positive adjustment to its Relative Strength (RS) Rating, from 70 to 76.
IBD's unique RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matched up against all other stocks.
Over 100 years of market history shows that the best stocks typically have an RS Rating of over 80 as they launch their largest runs. See if Citigroup can continue to rebound and hit that benchmark.
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Citigroup is building a consolidation with a 67.81 entry. See if the stock can break out in heavy volume.
Citigroup showed -7% earnings growth in the latest quarterly report, while sales growth came in at 5%.
The company earns the No. 17 rank among its peers in the Banks-Money Centers industry group. Morgan Stanley, Barclays ADR and Goldman Sachs are among the top 5 highly rated stocks within the group.
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