The Relative Strength (RS) Rating for Huntington Bancshares jumped into a new percentile Tuesday, with a rise from 80 to 83.
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they begin their biggest climbs.
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While the stock is not near an ideal entry right now, see if it is able to form and break out from a proper chart pattern.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -14% to -8%. Revenue rose from -2% to 0%.
Huntington Bancshares earns the No. 8 rank among its peers in the Banks-Super Regional industry group. Northern Trust, Fulton Financial and PNC Financial Services are among the top 5 highly rated stocks within the group.
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