Banc of California had its Relative Strength (RS) Rating upgraded from 78 to 81 Monday.
IBD's proprietary rating identifies price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating as they begin their biggest price moves.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to offer and clear an appropriate buy point.
The company showed 0% EPS growth in its most recent report. Revenue gains came in at 24%.
The company earns the No. 8 rank among its peers in the Finance-Savings & Loans industry group. Axos Financial, Northeast Community Bncp and Magyar Bancorp are among the top 5 highly rated stocks within the group.
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