On Monday, Sumitomo Mitsui Finl ADR got a positive adjustment to its Relative Strength (RS) Rating, from 63 to 72.
This proprietary rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks matched up against all other stocks.
History shows that the stocks that go on to make the biggest gains typically have an RS Rating of over 80 as they begin their biggest price moves. See if Sumitomo Mitsui Finl ADR can continue to show renewed price strength and hit that benchmark.
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Sumitomo Mitsui Finl ADR is trying to complete a consolidation with a 14.53 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
Sumitomo Mitsui Finl ADR reported 35% earnings growth last quarter, while sales growth came in at 0%. Look for the next report on or around Nov. 14.
The company earns the No. 14 rank among its peers in the Banks-Money Centers industry group. Banco Bilbao Vizcaya ADR, Morgan Stanley and Goldman Sachs are among the top 5 highly rated stocks within the group.
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