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Chemical Financial Trying To Close In On Key Technical Measure


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On Wednesday, Chemical Financial ( CHFC ) earned an upgrade to its Relative Strength ( RS ) Rating , from 67 to 75.

[ibd-display-video id=2881825 width=50 float=left autostart=true] This unique rating identifies market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.

Decades of market research reveals that the market's biggest winners typically have an RS Rating of over 80 in the early stages of their moves. See if Chemical Financial can continue to show renewed price strength and clear that threshold.

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Chemical Financial is still inside a buying range after clearing a 54.83 buy point in a cup with handle . Once a stock moves 5% or higher beyond the original entry, it's considered out of buy range.

Earnings growth increased last quarter from 4% to 5%, but the top line fell from 89% to 50%.

Chemical Financial earns the No. 10 rank among its peers in the Banks-Midwest industry group. Old Second Bancorp ( OSBC ), First Merchants ( FRME ) and First Mid-Illinois Bancs ( FMBH ) are among the top 5 highly rated stocks within the group.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Stocks
Referenced Symbols: CHFC , RS , OSBC , FRME , FMBH


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