Capital One Financial saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, rising from 87 to 92.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 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 tend to have an RS Rating of above 80 in the early stages of their moves.
Here Are 3 Keys For Successful Stock Investing
Capital One Financial has moved more than 5% past a 153.35 entry in a first-stage consolidation, meaning it's now out of a proper buy zone. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 1%, compared to -11% in the prior report. Revenue increased from 5% to 7%.
The company earns the No. 7 rank among its peers in the Finance-Consumer Loans industry group. Enova International, SoFi Technologies and Nelnet A are among the top 5 highly rated stocks within the group.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
