HSBC Holdings ADR saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 64 to 71.
IBD's unique RS Rating identifies technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if HSBC Holdings ADR can continue to show renewed price strength and clear that threshold.
When To Sell Stocks To Lock In Profits And Minimize Losses
While HSBC Holdings ADR is not near an ideal entry right now, see if it is able to form and break out of a proper base.
Earnings grew 17% last quarter, up from 0% in the prior report. Revenue also increased, from -1% to 5%.
The company earns the No. 11 rank among its peers in the Banks-Money Centers industry group. Morgan Stanley, Goldman Sachs and Barclays ADR are among the top 5 highly rated stocks within the group.
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