Fulton Financial saw a positive improvement to its Relative Strength (RS) Rating on Thursday, with an increase from 74 to 86.
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners often have an 80 or better RS Rating as they begin their biggest price moves.
Risk Management In The Stock Market: How Much Money To Invest Now
Fulton Financial is in a buy zone after breaking past a 20.33 entry in a consolidation. The proper buying range is up to 5% above the initial entry. Once a stock moves above that range, it's best to wait for it to set up another buying opportunity.
Earnings growth increased in the company's latest report from 0% to 16%, but revenue fell from 22% to 18%.
The company earns the No. 1 rank among its peers in the Banks-Super Regional industry group. Northern Trust and PNC Financial Services are also among the group's highest-rated stocks.
RELATED:
IBD Stock Rating Upgrades: 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!
