Old National Bancorp had its Relative Strength (RS) Rating upgraded from 74 to 86 Thursday.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves.
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Old National Bancorp is now considered extended and out of buy range after clearing a 20.43 buy point in a first-stage flat base. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Old National Bancorp saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -15% to -10%. Revenue rose from 3% to 7%.
The company holds the No. 30 rank among its peers in the Banks-Midwest industry group. First Internet Bancorp, Nicolet Bankshares and ChoiceOne Financial Svcs are among the top 5 highly rated stocks within the group.
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