Credicorp saw a welcome improvement to its Relative Strength (RS) Rating on Monday, rising from 70 to 73.
This exclusive rating from Investor's Business Daily measures price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners often have an 80 or better RS Rating in the early stages of their moves. See if Credicorp can continue to show renewed price strength and clear that threshold.
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Credicorp is working on a flat base with a 170.54 entry. See if the stock can break out in heavy trading.
Earnings growth picked up last quarter from -19% to 10%. But revenue gains fell from 15% to 12%.
Credicorp earns the No. 12 rank among its peers in the Banks-Foreign industry group. Banco Latinamer, Nu Holdings A and ICICI Bank ADR are among the top 5 highly rated stocks within the group.
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