Comerica saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, with an increase from 78 to 81.
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 matches up against other publicly traded companies.
History shows that the best-performing stocks often have an 80 or higher RS Rating in the early stages of their moves.
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Comerica is working on a cup with handle with a 68.94 entry. See if the stock can break out in heavy volume.
Top and bottom line growth moved higher last quarter. Earnings were up -18%, compared to -22% in the prior report. Revenue increased from -9% to 5%.
The company earns 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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