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Stocks With Rising Relative Strength: Raymond James Financial

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On Wednesday, Raymond James Financial ( RJF ) got an upgrade to its Relative Strength ( RS ) Rating , from 70 to 74.

[ibd-display-video id=2368044 width=50 float=left autostart=true] This proprietary rating measures market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.

Decades of market research reveals that the best stocks typically have an RS Rating north of 80 in the early stages of their moves. See if Raymond James Financial can continue to rebound and clear that threshold.

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Raymond James Financial is now considered extended and out of buy range after clearing an 87.32 buy point in a second-stage flat base . See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.

Raymond James Financial reported 15% earnings growth in its most recent report. Revenue increased 16%. Look for the next report on or around Jan. 25.

Raymond James Financial earns the No. 4 rank among its peers in the Finance-Investment Banking/Brokers industry group. E*Trade Financial ( ETFC ) is the No. 1-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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