On Thursday, Citigroup earned an upgrade to its Relative Strength (RS) Rating, from 78 to 84.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves.
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Citigroup is trading within a buying range after climbing above a 67.81 buy point 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 hold off investing and wait for it to set up another buying opportunity.
Citigroup posted -7% EPS growth in the latest quarterly report, while sales growth came in at 5%.
Citigroup holds the No. 16 rank among its peers in the Banks-Money Centers industry group. NatWest Group ADR, Morgan Stanley and Goldman Sachs are among the top 5 highly rated stocks within the group.
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