The Relative Strength (RS) Rating for U.S. Bancorp climbed into a new percentile Thursday, with a rise from 80 to 84.
This exclusive rating from Investor's Business Daily tracks share price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
History shows that the best stocks often have an RS Rating north of 80 in the early stages of their moves.
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U.S. Bancorp is in a buy range after breaking past a 50.47 buy point in a ascending base. Once a stock moves 5% or higher beyond the initial entry, it's considered out of a proper buy zone.
Although earnings and sales growth came in at -2% and -2%, respectively, in the latest report, that marked two straight quarters of improvement for EPS and two for revenue.
The company holds the No. 7 rank among its peers in the Banks-Super Regional industry group. Fulton Financial, Northern Trust and PNC Financial Services are among the top 5 highly rated stocks within the group.
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