On Tuesday, Huntington Bancshares got a positive adjustment to its Relative Strength (RS) Rating, from 67 to 72.
This unique rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they launch their biggest price moves. See if Huntington Bancshares can continue to show renewed price strength and hit that benchmark.
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While Huntington Bancshares is not near an ideal buy zone right now, see if it goes on to form and break out of a proper consolidation.
Although earnings and sales growth came in at -26% and -9%, respectively, in the latest report, that showed improvement for both the top and bottom lines. Huntington Bancshares is expected to release its next quarterly numbers on or around Jul. 19.
The company holds the No. 5 rank among its peers in the Banks-Super Regional industry group. Fifth Third Bancorp is the No. 1-ranked stock within the group.
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