On Wednesday, Customers Bancorp earned a positive adjustment to its Relative Strength (RS) Rating, from 68 to 72.
IBD's unique rating identifies price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners tend to have an RS Rating of at least 80 in the early stages of their moves. See if Customers Bancorp can continue to rebound and hit that benchmark.
How To Invest In Stocks In Both Bull And Bear Markets
Customers Bancorp is working on a cup with handle with a 58.88 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.
Although earnings and sales growth came in at -28% and -12%, respectively, in the latest report, that marked acceleration for both the top and bottom lines.
The company earns the No. 57 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.
RELATED:
Which Stocks Are Showing Rising Relative Strength?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
