One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Berkshire Hills Bancorp just hit that mark, with a jump from 78 to 81 Wednesday.
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.
Over 100 years of market history reveals that the top-performing stocks typically have an 80 or better RS Rating as they begin their biggest climbs.
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Berkshire Hills Bancorp is trying to complete a cup without handle with a 32.36 buy point. See if the stock can clear the breakout price in volume at least 40% above average.
In terms of fundamentals, Berkshire Hills Bancorp has posted rising EPS growth in each of the last four reports. Revenue gains have also moved higher during the same period.
The company earns the No. 11 rank among its peers in the Finance-Savings & Loans industry group. Banc of California, Pathward Financial and BankUnited are among the top 5 highly rated stocks within the group.
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