Customers Bancorp had its Relative Strength (RS) Rating upgraded from 71 to 81 Friday.
This unique rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks matches up against the rest of the market.
Decades of market research reveals that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 as they launch their biggest runs.
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Customers Bancorp is trying to complete a consolidation with a 68.49 entry. See if the stock can clear the breakout price in heavy trading.
Although earnings and sales growth came in at -28% and -12%, respectively, in the latest report, that showed improvement for both EPS and revenue.
The company earns the No. 49 rank among its peers in the Banks-Northeast industry group. The Bancorp, NB Bancorp and Capital Bancorp are among the top 5 highly rated stocks within the group.
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