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Stocks Showing Rising Market Leadership: East West Bancorp Earns 81 RS Rating

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On Friday, East West Bancorp ( EWBC ) earned a positive adjustment to its Relative Strength ( RS ) Rating , from 78 to 81.

[ibd-display-video id=2368044 width=50 float=left autostart=true] IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.

History reveals that the market's biggest winners typically have an RS Rating north of 80 as they begin their biggest climbs.

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East West Bancorp has moved more than 5% past a 62.00 entry in a first-stage flat base , meaning it's now out of a proper buy range. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.

Earnings grew 17% last quarter, up from 14% in the prior report. Revenue also increased, from 15% to 18%. The next quarterly results are expected on or around Jan. 25.

East West Bancorp holds 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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