On Monday, Zions Bancorp received an upgrade to its Relative Strength (RS) Rating, from 62 to 79.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary rating identifies price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 in the early stages of their moves. See if Zions Bancorp can continue to show renewed price strength and clear that threshold.
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Zions Bancorp is not currently near a potential buying area. It has made improvements relative to key moving averages, currently hovering around the 10-day, with the 200-day in sight. See if the stock goes on to build a chart pattern that could launch a new move.
ZION Earnings
Zions Bancorp posted -14% earnings growth in the latest quarterly report. Revenue gains came in at 2%.
The company holds the No. 28 rank among its peers in the Banks-West/Southwest industry group. Oak Valley Bancorp and Preferred Bank LA are also among the group's highest-rated stocks.
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