On Wednesday, Deutsche Bank earned an upgrade to its Relative Strength (RS) Rating, from 79 to 84.
This proprietary rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matches up against that of all other stocks.
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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While Deutsche Bank is not near an ideal entry right now, see if it manages to form and break out of a proper chart pattern.
Earnings growth increased last quarter from 0% to 53%. But revenue gains fell from 17% to 15%. Look for the next report on or around Jan. 30.
Deutsche Bank holds the No. 4 rank among its peers in the Banks-Money Centers industry group. Banco Bilbao Vizcaya ADR is the No. 1-ranked stock within the group.
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