On Thursday, Huntington Bancshares earned an upgrade to its Relative Strength (RS) Rating, from 67 to 72.
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the best stocks typically have an 80 or higher RS Rating in the early stages of their moves. See if Huntington Bancshares can continue to rebound and clear that threshold.
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Huntington Bancshares has climbed more than 5% past a 14.99 entry in a first-stage cup with handle, meaning it's now out of a proper buy range. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
In terms of top and bottom line numbers, the company has posted four quarters of accelerating earnings growth. Sales growth has also moved higher over the same time frame.
The company earns the No. 4 rank among its peers in the Banks-Super Regional industry group. Northern Trust is the No. 1-ranked stock 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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