The Relative Strength (RS) Rating for Provident Finl Services moved up into a higher percentile Friday, as it got a lift from 65 to 72.
IBD's proprietary RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the best-performing stocks often have an RS Rating of above 80 in the early stages of their moves. See if Provident Finl Services can continue to show renewed price strength and clear that threshold.
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Provident Finl Services is working on a consolidation with a 22.24 entry. See if it can clear the breakout price in heavy trading.
While the company's top line growth fell last quarter from 82% to 79%, earnings-per-share grew 3%, up from -5% in the prior report.
Provident Finl Services earns the No. 33 rank among its peers in the Banks-Northeast industry group. The Bancorp, NB Bancorp and Capital Bancorp are among the top 5 highly rated stocks within the group.
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