On Monday, Credicorp got a positive adjustment to its Relative Strength (RS) Rating, from 72 to 81.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an RS Rating of at least 80 in the early stages of their moves.
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Credicorp is working on a consolidation with a 200.00 buy point. See if the stock can break out in heavy trade.
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%.
Credicorp earns the No. 7 rank among its peers in the Banks-Foreign industry group. ICICI Bank ADR, Banco Latinamer and Banco Santander-Chile ADR 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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