On Thursday, First BnCp Puerto Rico received an upgrade to its Relative Strength (RS) Rating, from 65 to 82.
This exclusive rating from Investor's Business Daily measures price movement 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.
History reveals that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves.
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First BnCp Puerto Rico broke out earlier, but has fallen back below the prior 22.12 entry from a consolidation. If a stock you're watching climbs above a buy point then retreats 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new consolidation and breakout. Also keep in mind that the most recent pattern is a later-stage base, and such bases are more prone to failure.
While earnings-per-share growth declined last quarter from 24% to -2%, revenue grew 2%, up from -2% in the prior report.
First BnCp Puerto Rico earns the No. 21 rank among its peers in the Banks-Southeast industry group. MetroCity Bankshares, USCB Financial Holdings and Village Bank & Trust are among the top 5 highly rated stocks within the group.
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