The Relative Strength (RS) Rating for Independent Bank entered a new percentile Friday, with a rise from 78 to 82.
IBD's unique RS Rating identifies technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the top-performing stocks often have an RS Rating of over 80 in the early stages of their moves.
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Independent Bank is building a cup without handle with a 77.23 entry. See if the stock can clear the breakout price in heavy volume.
Independent Bank saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -27% to -4%. Revenue rose from -4% to 0%.
Independent Bank holds the No. 47 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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