When considering what names to put on your watch list, focus on stocks with an 80 or higher RS Rating. KeyCorp is one stock that just reached the mark, now earning a score of 83.
This exclusive rating from Investor's Business Daily identifies share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
History shows that the market's biggest winners typically have an 80 or better RS Rating as they launch their biggest price moves.
Risk Management In The Stock Market: How Much Money To Invest Now
KeyCorp has moved more than 5% past a 15.61 entry in a first-stage double bottom, meaning it's now out of a proper buy range. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
In terms of fundamentals, KeyCorp has posted rising EPS growth over the last five quarters. Revenue growth has been a different story, coming in at -56% in the most recent report.
KeyCorp holds the No. 10 rank among its peers in the Banks-Super Regional industry group. Fulton Financial, Northern Trust and PNC Financial Services are among the top 5 highly rated stocks within the group.
RELATED:
Which Stocks Are Showing Rising Relative Strength?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
