We track 35 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 earlier and is 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 53 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 35 ranked stocks sit above 53 and half below. 6 stocks have a reading of 70 or higher.
17 of the 35 stocks we could measure (49%) closed above their 200-day average price — the average close over the last 200 trading sessions.