On Wednesday, Credicorp reached an important technical milestone, with its Relative Strength (RS) Rating climbing into the 80-plus percentile with an improvement to 81, an increase from 78 the day before.
This exclusive rating from Investor's Business Daily tracks price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the market's biggest winners typically have an 80 or higher RS Rating in the early stages of their moves.
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Credicorp is working on a flat base with a 170.54 entry. See if the stock can clear the breakout price in volume at least 40% above average.
Earnings growth increased in the company's latest report from -19% to 10%, but the top line fell from 15% to 12%.
Credicorp earns the No. 10 rank among its peers in the Banks-Foreign industry group. Banco Latinamer, Nu Holdings A and ICICI Bank ADR are among the top 5 highly rated stocks within the group.
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