We track 37 stocks in the Banks industry (part of Financial Services), each checked every evening for a base — a stretch where the price moves sideways in a range instead of trending.
As of the latest close, 29 are still building a base; 1 broke out of a base in the last five sessions; 2 broke out earlier and are still above the breakout level; 1 broke out but fell back below the breakout level; and 4 are not in a base we recognise.
The middle stock in this industry has a relative strength reading of 46 out of 99. That reading ranks each stock's price performance over the past year against every stock we track; half of this industry's 37 ranked stocks sit above 46 and half below. 5 stocks have a reading of 70 or higher.
15 of the 37 stocks we could measure (41%) closed above their 200-day average price — the average close over the last 200 trading sessions.