HDFC Bank Shows Improved Relative Price Performance; Still Shy Of Benchmark

In a welcome move, HDFC Bank (HDB) saw its Relative Strength Rating improve from 63 to 71 on Monday.


As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.

IBD’s unique RS Rating identifies technical performance by showing how a stock’s price movement over the last 52 weeks compares to that of the other stocks in our database.

History shows that the best stocks tend to have an 80 or better RS Rating in the early stages of their moves. See if HDFC Bank can continue to rebound and hit that benchmark.

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HDFC Bank is working on a consolidation with an 84.80 entry. See if it can break out in volume at least 40% higher than normal.

HDFC Bank showed 14% EPS growth last quarter. Revenue rose 8%.

The company holds the No. 3 rank among its peers in the Banks-Foreign industry group. Icici Bank (IBN) and HDFC Bank (HDB) are also among the group’s highest-rated stocks.


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