On Tuesday, U.S. Bancorp received an upgrade to its Relative Strength (RS) Rating, from 70 to 74.
This proprietary 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.
Decades of market research shows that the market's biggest winners tend to have an RS Rating north of 80 as they begin their biggest climbs. See if U.S. Bancorp can continue to show renewed price strength and clear that threshold.
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U.S. Bancorp is building a flat base with a 53.98 entry. See if it can clear the breakout price in volume at least 40% higher than normal.
In terms of fundamentals, the company has posted three quarters of accelerating earnings growth. Revenue growth has also increased during the same period.
U.S. Bancorp holds the No. 8 rank among its peers in the Banks-Super Regional industry group. Northern Trust, Fulton Financial and Huntington Bancshares are among the top 5 highly rated stocks within the group.
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