Regions Financial had its Relative Strength (RS) Rating upgraded from 77 to 81 Monday.
IBD's unique RS Rating measures 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 reveals 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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While Regions Financial is not near an ideal buy point right now, see if it manages to form and break out from a proper base.
Earnings grew 0% last quarter, up from -12% in the prior report. Revenue also increased, from -12% to -4%. Keep an eye out for the company's next round of numbers on or around Jan. 17.
Regions Financial holds the No. 6 rank among its peers in the Banks-Super Regional industry group. Northern Trust, Fulton Financial and PNC Financial Services are among the top 5 highly rated stocks within the group.
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