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East West Bancorp Trying To Close In On Key Technical Benchmark

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In a welcome move, East West Bancorp ( EWBC ) saw its Relative Strength Rating rise from 65 to 72 on Wednesday.

[ibd-display-video id=2102289 width=50 float=left autostart=true] This unique rating measures market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.

History reveals that the stocks that go on to make the biggest gains often have an RS Rating of at least 80 as they begin their biggest climbs. See if East West Bancorp can continue to show renewed price strength and clear that threshold.

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East West Bancorp is within a buy range after breaking past a 64.02 entry in a flat base . Once a stock moves 5% or higher beyond the initial entry, it's considered out of buy range.

Top and bottom line growth moved higher last quarter. Earnings were up 17%, compared to 14% in the prior report. Revenue increased from 15% to 18%. Look for the next report on or around Jan. 25.

The company earns the No. 5 rank among its peers in the Banks-West/Southwest industry group. Cadence Bancorp ( CADE ) is the top-ranked stock 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.


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

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