When building your watch list, focus on stocks with an 80 or higher RS Rating. Regions Financial just cleared that benchmark with an upgrade from 80 to 83.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the best-performing stocks tend to have an RS Rating of above 80 as they begin their biggest runs.
Looking For The Best Stocks To Buy And Watch? Start Here
While Regions Financial is not near a proper entry right now, see if it is able to form and break out from a proper consolidation.
Regions Financial saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -12% to 0%. Revenue rose from -12% to -4%. The next quarterly numbers are expected on or around Jan. 17.
Regions Financial earns the No. 5 rank among its peers in the Banks-Super Regional industry group. Northern Trust is the top-ranked stock within the group.
RELATED:
Stocks With Rising Relative Strength Ratings
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!
