The Relative Strength (RS) Rating for KeyCorp stock entered a new percentile Tuesday, as it got a lift from 63 to 71.
IBD's proprietary RS Rating identifies market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the best stocks tend to have an 80 or better RS Rating in the early stages of their moves. See if KeyCorp stock can continue to show renewed price strength and clear that threshold.
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Is KeyCorp Stock A Buy?
Now is not an ideal time to jump into KeyCorp stock since it isn't near a proper buy zone, but see if the bank stock goes on to form a chart pattern and break out. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Although earnings and sales growth came in at -33% and -11%, respectively, in the latest report, that marked acceleration for both the top and bottom lines. The regional bank is expected to report its next quarterly numbers on or around Jul. 18.
KeyCorp stock holds the No. 8 rank among its peers in the Banks-Super Regional industry group. Fifth Third Bancorp, Fulton Financial and Northern Trust are among the top 5 highly rated stocks within the group.
