On Tuesday, Old National Bancorp earned an upgrade to its Relative Strength (RS) Rating, from 65 to 73.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the best stocks typically have an RS Rating of over 80 as they begin their largest price moves. See if Old National Bancorp can continue to rebound and hit that benchmark.
When To Sell Stocks To Lock In Profits And Minimize Losses
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock manages to establish and enter a buy zone in heavy volume.
While sales growth fell last quarter from 7% to 5%, earnings-per-share grew 7%, up from -10% in the previous report. The next quarterly numbers are expected on or around Apr. 22.
Old National Bancorp earns the No. 25 rank among its peers in the Banks-Midwest industry group. Landmark Bancorp, First Business Finl Svcs and First Financial are among the top 5 highly rated stocks 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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