When building your watch list, focus on stocks with an 80 or higher RS Rating. Eastern Bankshares is one stock that just reached the mark, now earning a score of 82.
This unique rating tracks market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the best stocks often have an RS Rating north of 80 in the early stages of their moves.
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Eastern Bankshares is building a consolidation with a 19.39 entry. See if it can clear the breakout price in volume at least 40% above average.
Earnings grew 240% last quarter, up from -22% in the prior report. Revenue also increased, from 30% to 35%.
The company holds the No. 12 rank among its peers in the Banks-Northeast industry group. Chain Bridge Bancorp, NB Bancorp and Northeast Bank are among the top 5 highly rated stocks within the group.
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