The Relative Strength (RS) Rating for Deutsche Bank moved up into a new percentile Monday, as it got a lift from 70 to 79.
IBD's proprietary RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they begin their largest runs. See if Deutsche Bank can continue to show renewed price strength and clear that threshold.
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Deutsche Bank is working on a flat base with an 18.07 buy point. See if it can break out in heavy trading.
Earnings growth picked up last quarter from 0% to 53%. But revenue gains fell from 17% to 15%. Keep an eye out for the company's next round of numbers on or around Jan. 30.
The company earns the No. 8 rank among its peers in the Banks-Money Centers industry group. Mitsubishi UFJ Finl ADR, HSBC Holdings ADR and Morgan Stanley are among the top 5 highly rated stocks within the group.
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