On Tuesday, Provident Finl Services earned a positive adjustment to its Relative Strength (RS) Rating, from 70 to 76.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks tend to have an 80 or better RS Rating as they begin their largest climbs. See if Provident Finl Services can continue to rebound and clear that threshold.
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Provident Finl Services is not currently showing a potential entry point. See if the stock goes on to form a base that could kick off a new climb.
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. 34 rank among its peers in the Banks-Northeast industry group. The Bancorp, NB Bancorp and Northeast Bank are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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