An image of a smartphone and a pen
Markets

Banco Santander Reaches 80-Plus Relative Strength Rating Benchmark

An image of a smartphone and a pen
Shutterstock photo

When considering what names to put on your watch list, look for stocks with an 80 or higher RS Rating . Banco Santander ( BSAC ) just cleared that benchmark with an upgrade from 72 to 86.

[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 movement over the trailing 52 weeks holds up against all the other stocks in our database.

History shows that the best-performing stocks tend to have an RS Rating north of 80 as they launch their biggest price moves.

See How IBD Helps You Make More Money In Stocks

Banco Santander broke out earlier, but has fallen back below the prior 32.12 entry from a cup without handle . If a stock you're watching climbs above a buy point then retreats 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new pattern and breakout. Also keep in mind that the latest consolidation is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.

The company posted 24% earnings growth in its most recent report, while sales growth came in at -3%.

Banco Santander earns the No. 8 rank among its peers in the Banks-Foreign industry group. KB Financial ( KB ), Grupo Superviel ( SUPV ) and Grupo Financial Galicia ( GGAL ) are among the top 5 highly rated stocks within the group.

RELATED:

Which Stocks Are Showing Improved Price Performance?

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

GGAL KB SUPV BSAC

Other Topics

Stocks

Latest Markets Videos