One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Community Finl System now clears that threshold, with a jump from 78 to 81 Wednesday.
This proprietary rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matches up against the rest of the market.
Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an RS Rating of above 80 as they launch their biggest runs.
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Community Finl System is not currently offering a proper buying opportunity. See if the stock goes on to build a promising consolidation that could ignite a new run.
Regarding fundamentals, Community Finl System has posted four quarters of accelerating earnings growth. Sales growth has also moved higher during the same period.
The company holds the No. 20 rank among its peers in the Banks-Northeast industry group. Northeast Bank, The Bancorp and NB Bancorp are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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