HSBC Holdings ADR saw a positive improvement to its Relative Strength (RS) Rating on Thursday, with an upgrade from 67 to 71.
IBD's proprietary RS Rating identifies 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.
Decades of market research reveals that the best-performing stocks often have an RS Rating of above 80 as they begin their biggest price moves. See if HSBC Holdings ADR can continue to rebound and hit that benchmark.
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While the stock is not near an ideal entry right now, see if it goes on to form and break out of a proper base.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 17%, compared to 0% in the prior report. Revenue increased from -1% to 5%.
The company holds the No. 10 rank among its peers in the Banks-Money Centers industry group. NatWest Group ADR, Morgan Stanley and Goldman Sachs are among the top 5 highly rated stocks within the group.
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