Associated Banc had its Relative Strength (RS) Rating upgraded from 68 to 72 Wednesday — a welcome improvement, but still below the 80 or better score you look for.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
History reveals that the best-performing stocks tend to have an 80 or better RS Rating in the early stages of their moves. See if Associated Banc can continue to rebound and hit that benchmark.
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Associated Banc is building a consolidation with a 28.18 buy point. See if it can break out in heavy trade.
Regarding fundamentals, Associated Banc has posted rising EPS growth in each of the last four reports. Sales gains have been a different story, coming in at -48% in the most recent report.
The company earns the No. 41 rank among its peers in the Banks-Midwest industry group. Equity Bancshares, First Business Finl Svcs and Landmark Bancorp are among the top 5 highly rated stocks within the group.
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