One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Pacific Premier Bancorp just hit that mark, with a jump from 75 to 81 Tuesday. Is Pacific Premier Bank stock on your watchlist?
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's proprietary rating identifies price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves. So the 81 RS Rating for Pacific Premier Bank stock is noteworthy.
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Is Pacific Premier Bank Stock In The Buy Zone?
Pacific Premier Bank stock is trying to complete a cup without handle with a 45.34 buy point. See if shares of the bank holding company can clear the breakout price in volume at least 40% higher than normal.
Earnings growth for the Irvine, Calif.-based banking company picked up last quarter, from flat to 36%. But revenue growth fell from 31% to -1%. The next quarterly numbers are expected on or around Jan. 26.
Pacific Premier Bank stock holds the No. 35 rank among its peers in the Banks-West/Southwest industry group. Western Alliance Bancorp and Finwise Bancorp are also among the group's highest-rated stocks.
