In a welcome move, Provident Finl Services saw its Relative Strength Rating improve from 65 to 72 on Wednesday.
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners typically have an RS Rating north of 80 as they begin their largest runs. See if Provident Finl Services can continue to show renewed price strength and clear that threshold.
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Provident Finl Services is building a consolidation with a 22.24 entry. See if it can break out in volume at least 40% higher than normal.
While the company's top line growth fell last quarter from 82% to 79%, the bottom line grew 3%, up from -5% in the previous report.
Provident Finl Services holds the No. 41 rank among its peers in the Banks-Northeast industry group. The Bancorp, Northeast Bank and NB Bancorp are among the top 5 highly rated stocks within the group.
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