In a welcome move, Sumitomo Mitsui Finl ADR saw its Relative Strength Rating improve from 68 to 77 on Monday.
Can You Really Time The Stock Market?
IBD's unique rating identifies price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the best stocks often have an RS Rating north of 80 in the early stages of their moves. See if Sumitomo Mitsui Finl ADR can continue to show renewed price strength and clear that threshold.
While now is not an ideal time to buy shares, see if the stock goes on to establish and enter a buy zone in heavy volume.
The company posted negative growth for both sales and earnings last quarter. The company is expected to release its next quarterly numbers on or around May 14.
The company earns the No. 22 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.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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