On Friday, Capital One Financial received a positive adjustment to its Relative Strength (RS) Rating, from 68 to 71.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary rating measures price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks typically have an RS Rating north of 80 as they launch their biggest climbs. See if Capital One Financial can continue to rebound and hit that benchmark.
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Capital One Financial is building a cup with handle with a 108.13 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.
Earnings growth increased in the company's latest report from -29% to 6%, but the top line fell from 9% to 6%.
The company holds the No. 4 rank among its peers in the Finance-Consumer Loans industry group. Mr. Cooper Group is also among the group's highest-rated stocks.
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