Old National Bancorp saw a positive improvement to its Relative Strength (RS) Rating on Thursday, rising from 72 to 86.
IBD's proprietary RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matches up against that of all other stocks.
Over 100 years of market history reveals that the top-performing stocks tend to have an RS Rating of over 80 in the early stages of their moves.
Hone Your Stock-Picking Skills By Focusing On These Factors
Old National Bancorp is trying to complete a consolidation with a 24.49 entry. See if the stock can break out in volume at least 40% above average.
Earnings growth increased last quarter from -10% to 7%. But revenue gains fell from 7% to 5%. The next quarterly results are expected on or around Apr. 22.
The company holds the No. 17 rank among its peers in the Banks-Midwest industry group. Landmark Bancorp, First Business Finl Svcs and Commerce Bancshares 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.
RELATED:
Which Stocks Are Showing Rising Relative Strength?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
