One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Truist Financial now clears that threshold, with a jump from 78 to 81 Monday.
This unique rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matches up against other publicly traded companies.
Decades of market research shows that the market's biggest winners tend to have an RS Rating of over 80 in the early stages of their moves.
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While now is not an ideal time to invest, see if the stock is able to establish and enter a buy zone in heavy volume.
Top and bottom line growth moved higher last quarter. Earnings were up 32%, compared to 12% in the prior report. Revenue increased from -134% to 4%.
The company earns the No. 5 rank among its peers in the Banks-Super Regional industry group. Fulton Financial is the No. 1-ranked stock within the group.
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