On Monday, Customers Bancorp got an upgrade to its Relative Strength (RS) Rating, from 68 to 71.
IBD's proprietary RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks matched up against all other stocks.
Over 100 years of market history reveals that the best stocks typically have an RS Rating of over 80 in the early stages of their moves. See if Customers Bancorp can continue to show renewed price strength and clear that threshold.
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Customers Bancorp is trying to complete a cup with handle with a 58.88 buy point. See if it can clear the breakout price in heavy trade.
Although earnings and sales growth came in at -28% and -12%, respectively, in the latest report, that showed improvement for both the top and bottom lines.
Customers Bancorp earns the No. 59 rank among its peers in the Banks-Northeast industry group. Northeast Bank, The Bancorp and NB Bancorp 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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