The Relative Strength (RS) Rating for Royal Bank of Canada entered a higher percentile Friday, as it got a lift from 65 to 72.
IBD's proprietary RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History shows that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if Royal Bank of Canada can continue to show renewed price strength and clear that threshold.
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Royal Bank of Canada is building a consolidation with a 128.05 buy point. See if it can break out in volume at least 40% above average.
In terms of top and bottom line numbers, Royal Bank of Canada has posted four quarters of increasing earnings growth. Sales growth has also risen over the same time frame.
Royal Bank of Canada holds the No. 5 rank among its peers in the Banks-Money Centers industry group. Banco Bilbao Vizcaya ADR is the top-ranked stock 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.
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