When putting together your watch list, focus on stocks with an 80 or higher RS Rating. BankUnited just cleared that benchmark with an upgrade from 77 to 82.
IBD's proprietary RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matches up against that of all other stocks.
History reveals that the best-performing stocks typically have an RS Rating of above 80 as they begin their biggest price moves.
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BankUnited is working on a consolidation with a 39.51 entry. See if the stock can break out in volume at least 40% higher than normal.
Taking a look at top and bottom line numbers, BankUnited has posted rising EPS growth over the last two quarters. Revenue growth has also risen over the same time frame.
BankUnited holds the No. 16 rank among its peers in the Finance-Savings & Loans industry group. Northeast Community Bncp, Axos Financial and Synchrony Financial are among the top 5 highly rated stocks within the group.
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