On Monday, KeyCorp stock hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 85, up from 72 the day before.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique RS Rating tracks market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains often 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 is now considered extended and out of buy range after clearing a 12.36 buy point in a first-stage cup with handle. See if the bank stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
The regional bank posted negative growth for both the top and bottom lines last quarter.
KeyCorp stock earns the No. 10 rank among its peers in the Banks-Super Regional industry group. PNC Financial Services and Fulton Financial are also among the group's highest-rated stocks.
