PennyMac Finl Svcs had its Relative Strength (RS) Rating upgraded from 68 to 72 Tuesday — a welcome improvement, but still short of the 80 or better score you look for.
This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matched up against all other stocks.
History shows that the best stocks often have an RS Rating north of 80 as they launch their biggest runs. See if PennyMac Finl Svcs can continue to rebound and hit that benchmark.
When To Sell Stocks To Lock In Profits And Minimize Losses
PennyMac Finl Svcs is not currently showing a potential buy point. See if the stock goes on to form a chart pattern that could launch a new move.
The company showed 97% earnings growth last quarter. Revenue gains came in at 3%.
The company earns the No. 7 rank among its peers in the Finance-Mortgage & Related Services industry group. Velocity Financial, NMI Holdings and Security Natl Finl Cl A are among the top 5 highly rated stocks within the group.
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