Banking

KB Financial Earns Relative Strength Rating Upgrade

In a welcome move, KB Financial (KB) saw its Relative Strength Rating improve from 70 to 73 on Thursday.




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When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD’s unique rating tracks price action with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price performance over the last 52 weeks stacks up against all the other stocks in our database.

History shows that the best stocks tend to have an RS Rating of over 80 in the early stages of their moves. See if KB Financial can continue to show renewed price strength and clear that threshold.


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KB Financial has climbed more than 5% past a 44.05 entry in a second-stage consolidation, meaning it’s now out of a proper buy range. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.

While EPS growth decreased in the prior quarter from 27% to 22%, sales grew 13%, up from 6% in the prior report. The company is expected to report its latest numbers on or around Apr. 23.

KB Financial holds the No. 1 rank among its peers in the Banks-Foreign industry group.

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