On Tuesday, ICICI Bank stock got a positive adjustment to its Relative Strength (RS) Rating, from 70 to 75.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the best stocks often have an 80 or better RS Rating as they begin their largest price moves. See if ICICI Bank stock can continue to rebound and hit that benchmark.
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Is ICICI Bank Stock A Buy?
ICICI Bank stock is trying to complete a flat base with a 24.80 buy point. See if the stock can clear the breakout price in volume at least 40% above average.
The foreign bank saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 17% to 38%. Revenue rose from 16% to 28%.
ICICI Bank stock earns the No. 4 rank among its peers in the Banks-Foreign industry group. ING Groep and ICICI Bank are also among the group's highest-rated stocks.
