U.S. Bancorp saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, with an upgrade from 69 to 72.
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners often have an RS Rating of above 80 in the early stages of their moves. See if U.S. Bancorp can continue to rebound and clear that threshold.
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U.S. Bancorp is trying to complete a flat base with a 53.98 buy point. See if it can break out in volume at least 40% higher than normal.
In terms of fundamentals, the company has posted three quarters of accelerating earnings growth. Revenue gains have also increased during the same period.
U.S. Bancorp holds the No. 8 rank among its peers in the Banks-Super Regional industry group. Northern Trust, Fulton Financial and Huntington Bancshares are among the top 5 highly rated stocks within the group.
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