NatWest Group, the parent of Royal Bank of Scotland, is in a buy zone above its flat base's buy point of 14.55. The stock's rising relative strength line indicates it is outperforming the S&P 500. It is Thursday's selection for IBD 50 Stocks To Watch.
NatWest Group (NWG), the parent of Royal Bank of Scotland, has been highlighted as a stock to watch in Thursday's IBD 50 list. The stock is currently in a buy zone above its flat base's buy point of 14.55. This indicates a strong bullish trend, as the rising relative strength line shows that shares are outperforming the S&P 500 [1].
The stock's recent performance has been impressive, with a consistent upward trend. It has closed higher for seven consecutive trading sessions, which has led to its inclusion in the IBD 50. This list is known for its track record of identifying top-performing growth stocks that meet specific criteria [2].
NatWest Group's inclusion in the IBD 50 is a testament to its strong financial health and growth potential. The stock's performance is being closely monitored by investors and financial professionals alike, as it continues to climb and break new highs.
Investors and financial professionals should keep a close eye on NatWest Group as it continues to perform well and meets the criteria set by the IBD 50. The stock's recent performance and inclusion in the IBD 50 suggest that it is a promising investment opportunity.
References:
[1] https://www.investors.com/research/sp-500-bank-stock-natwest-group-nwg-stock/
[2] https://www.investors.com/research/ibd-50-growth-stocks-to-watch/
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