A list of stock prices rising and declining in value
Markets

Banco Bradesco Sees RS Rating Climb To 72

A list of stock prices rising and declining in value
Shutterstock photo

In a welcome move, Banco Bradesco ( BBD ) saw its Relative Strength Rating improve from 63 to 72 on Wednesday.

[ibd-display-video id=2385970 width=50 float=left autostart=true] IBD's proprietary rating tracks price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.

Over 100 years of market history shows that the best-performing stocks often have an RS Rating of above 80 as they launch their largest runs. See if Banco Bradesco can continue to rebound and clear that threshold.

Looking For Winning Stocks? Try This Simple Routine

Banco Bradesco is building a consolidation with an 11.96 entry . See if the stock can clear the breakout price in heavy trading.

Earnings growth picked up last quarter from 1% to 10%. But revenue gains fell from -69% to -71%.

Banco Bradesco earns the No. 9 rank among its peers in the Banks-Foreign industry group. KB Financial ( KB ), Grupo Superviel ( SUPV ) and Credicorp ( BAP ) are among the top 5 highly rated stocks within the group.

RELATED:

Which Stocks Are Showing Rising Relative Strength?

Why Should You Use IBD's Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock

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


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

In This Story

KB BAP BBD SUPV

Other Topics

Stocks