The Relative Strength (RS) Rating for U.S. Bancorp entered a new percentile Thursday, with a rise from 79 to 82.
This unique rating tracks technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.
Over 100 years of market history shows that the market's biggest winners typically have an 80 or higher RS Rating in the early stages of their moves.
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U.S. Bancorp is working on an ascending base with a 50.47 entry. See if it can clear the breakout price in volume at least 40% higher than normal.
Although earnings and sales growth came in at -2% and -2%, respectively, in the latest report, that marked two straight quarters of improvement for earnings and two for sales.
U.S. Bancorp holds the No. 6 rank among its peers in the Banks-Super Regional industry group. Northern Trust, Fulton Financial and PNC Financial Services are among the top 5 highly rated stocks within the group.
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