Credit: Shutterstock photoBanco Santander ( BSAC ) had its Relative Strength ( RS ) Rating upgraded from 64 to 72 Monday -- a welcome improvement, but still below the 80 or higher score you prefer to see.
[ibd-display-video id=2102289 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 in the early stages of their moves. See if Banco Santander can continue to rebound and hit that benchmark.
Looking For Winning Stocks? Try This Simple Routine
Banco Santander is working on a consolidation with a 32.12 buy point . See if it can break out in heavy trade.
Banco Santander posted 24% earnings growth in the latest quarterly report. Revenue increased -3%.
Banco Santander holds the No. 12 rank among its peers in the Banks-Foreign industry group. Grupo Superviel ( SUPV ), KB Financial ( KB ) and Grupo Financial Galicia ( GGAL ) are among the top 5 highly rated stocks within the group.
RELATED:
Stocks With Rising Relative Strength Ratings
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.
