Wells Fargo stock saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, rising from 67 to 75.
Can You Really Time The Stock Market?
This exclusive rating from Investor's Business Daily tracks price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
History shows that the best stocks tend to have an RS Rating north of 80 as they launch their largest price moves. See if Wells Fargo can continue to show renewed price strength and hit that benchmark.
Is Well Fargo Stock A Buy?
Wells Fargo stock recently reclaimed its 200-day moving average and is building a double bottom with a 75.38 buy point. See if it can break out in volume at least 40% higher than normal and the market sees a trend reversal with follow-through days.
The Calif.-based financial services and products company showed 6% EPS growth in its most recent report. Sales gains came in at -3%.
Wells Fargo stock earns the No. 14 rank among its peers in the Banks-Money Centers industry group. Barclays ADR, NatWest Group ADR and Banco Bilbao Vizcaya ADR are among the top 5 highly rated stocks within the group. For industry news, check out "Banks And Financial Stocks: Latest News And Analysis."
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