Credit: Shutterstock photoIn a welcome move, ING ( ING ) saw its Relative Strength Rating improve from 70 to 78 on Thursday.
[ibd-display-video id=2881825 width=50 float=left autostart=true] IBD's proprietary RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the top-performing stocks often have an RS Rating north of 80 in the early stages of their moves. See if ING can continue to show renewed price strength and clear that threshold.
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ING has moved more than 5% past a 19.11 entry in a first-stage flat base , meaning it's now out of a proper buy range. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
Top and bottom line growth moved higher last quarter. Earnings were up 8%, compared to 0% in the prior report. Revenue increased from 2% to 6%. Look for the next report on or around Feb. 2.
ING holds the No. 3 rank among its peers in the Insurance-Diversified industry group. Principal Financial ( PFG ) 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.
