One important metric to look for in a stock is an 80 or higher Relative Strength Rating. KeyCorp stock now clears that threshold, with a jump from 79 to 87 Tuesday.
This exclusive rating from Investor's Business Daily measures price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves.
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Is KeyCorp Stock A Buy?
KeyCorp stock broke out earlier, but has fallen back below the prior 15.01 entry from a flat base. If a stock you're tracking clears a buy point then retreats 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new chart pattern and entry price. Also understand that the most recent consolidation is a later-stage base, and those involve more risk.
In terms of top and bottom line numbers, the Cleveland, Ohio-based regional bank has posted two quarters of accelerating earnings growth. Sales growth has been less impressive, coming in at -19% in the latest report.
KeyCorp stock earns the No. 10 rank among its peers in the Banks-Super Regional industry group. Fifth Third Bancorp, PNC Financial Services and Huntington Bancshares are among the top 5 highly rated stocks within the group.
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