The Relative Strength (RS) Rating for Mitsubishi UFJ Finl ADR climbed into a new percentile Tuesday, as it got a lift from 68 to 72.
IBD's proprietary RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the best stocks tend to have an 80 or better RS Rating as they begin their biggest price moves. See if Mitsubishi UFJ Finl ADR can continue to rebound and clear that threshold.
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Mitsubishi UFJ Finl ADR is working on a consolidation with an 11.72 entry. See if it can clear the breakout price in heavy volume.
Earnings growth rose last quarter from -77% to -9%. But revenue gains fell from 19% to 14%. Look for the next report on or around Nov. 14.
Mitsubishi UFJ Finl ADR earns the No. 19 rank among its peers in the Banks-Money Centers industry group. NatWest Group ADR, Morgan Stanley and Banco Bilbao Vizcaya ADR are among the top 5 highly rated stocks within the group.
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