On Tuesday, The Bancorp got an upgrade to its Relative Strength (RS) Rating, from 69 to 74.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners typically have an RS Rating of above 80 in the early stages of their moves. See if The Bancorp can continue to show renewed price strength and clear that threshold.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock manages to form a consolidation and break out.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 13% to 21%. Revenue rose from 9% to 25%. The company is expected to report its latest results on or around Apr. 24.
The company holds the No. 3 rank among its peers in the Banks-Northeast industry group. Northeast Bank is the No. 1-ranked stock 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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