On Tuesday, Wintrust Financial earned an upgrade to its Relative Strength (RS) Rating, from 77 to 82.
This unique rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matches up against other publicly traded companies.
History shows that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating as they launch their biggest runs.
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Wintrust Financial is in a buy range after clearing a 113.68 buy point in a consolidation. Once a stock moves 5% or higher beyond the original entry, it's considered out of a proper buy zone.
Earnings grew -2% last quarter, up from -3% in the prior report. Revenue also increased, from 6% to 7%.
The company holds the No. 15 rank among its peers in the Banks-Midwest industry group. First Internet Bancorp, Nicolet Bankshares and ChoiceOne Financial Svcs are among the top 5 highly rated stocks within the group.
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