On Thursday, Credicorp got a positive adjustment to its Relative Strength (RS) Rating, from 72 to 81.
IBD's unique RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.
Over 100 years of market history shows that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves.
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Credicorp is building a consolidation with a 200.00 entry. See if the stock can break out in volume at least 40% higher than normal.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -10% to 26%. Revenue rose from 2% to 9%.
The company holds the No. 6 rank among its peers in the Banks-Foreign industry group. ICICI Bank ADR, Banco Santander-Chile ADR and Banco Latinamer are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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