In a welcome move, Truist Financial Corp saw its Relative Strength Rating improve from 63 to 74 on Thursday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the top-performing stocks typically have an RS Rating north of 80 in the early stages of their moves. See if Truist Financial Corp can continue to rebound and hit that benchmark.
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Truist Financial Corp is not currently showing a potential entry point, having failed to break out from a recent cup-without- handle pattern. See if the stock goes on to form another chart pattern that could work and ignite a new run.
Truist Financial Stock reported 17% EPS growth last quarter, while sales growth came in at -3%.
Truist Financial Corp holds the No. 4 rank among its peers in the Banks-Super Regional industry group. Fifth Third Bancorp and Comerica are also among the group's highest-rated stocks.
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