On Tuesday, The Bancorp reached an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 83, up from 75 the day before.
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 matches up against the rest of the market.
Decades of market research shows that the best-performing stocks often have an RS Rating of above 80 as they launch their biggest runs.
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The Bancorp is not currently offering a proper buying opportunity. See if the stock goes on to form a base that could launch a new move.
EPS growth fell in the company's most recent report from 18% to 13%, but the top line rose from 7% to 9%.
The company earns the No. 6 rank among its peers in the Banks-Northeast industry group. Amalgamated Financial, Ponce Financial Group and Orrstown Financial are among the top 5 highly rated stocks within the group.
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