Provident Finl Services saw a positive improvement to its Relative Strength (RS) Rating on Monday, rising from 78 to 81.
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they launch their biggest runs.
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While Provident Finl Services is not near an ideal buy zone right now, see if it is able to form and break out from a proper chart pattern.
Earnings growth fell in the most recent quarter from 0% to -5%. But sales moved higher, from 38% to 82%.
The company holds the No. 42 rank among its peers in the Banks-Northeast industry group. Amalgamated Financial, Chain Bridge Bancorp and Metropolitan Bank are among the top 5 highly rated stocks within the group.
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