Truist Financial saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, rising from 67 to 82.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the best stocks tend to have an 80 or better RS Rating in the early stages of their moves.
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Truist Financial is trading within a buying range after moving past a 45.31 buy point in a flat base. Once a stock moves 5% or higher beyond the original entry, it's considered out of buy range.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 12% to 32%. Revenue rose from -134% to 4%.
Truist Financial holds the No. 3 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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