On Wednesday, NBT Bancorp hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 83, up from 79 the day before.
IBD's unique rating measures price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they begin their biggest runs.
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NBT Bancorp is building a consolidation with a 52.44 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal.
While the company's top line growth fell last quarter from 9% to 8%, the bottom line grew 7%, up from -5% in the previous report.
NBT Bancorp earns the No. 33 rank among its peers in the Banks-Northeast industry group. Northeast Bank, The Bancorp and NB Bancorp are among the top 5 highly rated stocks within the group.
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