The Relative Strength (RS) Rating for Flagstar Financial moved into a higher percentile Thursday, as it got a lift from 67 to 72.
This unique rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks compares to the rest of the market.
Over 100 years of market history shows that the market's biggest winners typically have an RS Rating north of 80 as they begin their largest runs. See if Flagstar Financial can continue to rebound and hit that benchmark.
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While now is not an ideal time to jump in, see if the stock is able to offer and clear an appropriate buy point.
The company posted 0% EPS growth in the latest quarterly report, while sales growth came in at -28%.
Flagstar Financial earns the No. 34 rank among its peers in the Finance-Savings & Loans industry group. Pathward Financial, First Seacoast Bancorp and IF 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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