When putting together your watch list, focus on stocks with an 80 or higher RS Rating. Provident Finl Services just cleared that benchmark with an upgrade from 80 to 84.
IBD's proprietary rating identifies share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating in the early stages of their moves.
Risk Management In The Stock Market: How Much Money To Invest Now
While the stock is not near a proper buying range right now, see if it goes on to form and break out from a proper chart pattern.
EPS growth decreased last quarter from 0% to -5%, but revenue rose from 38% to 82%. The next quarterly numbers are expected on or around Jan. 24.
The company holds the No. 39 rank among its peers in the Banks-Northeast industry group. Amalgamated Financial, Chain Bridge Bancorp and Metropolitan Bank are among the top 5 highly rated stocks within the group.
RELATED:
IBD Stock Rating Upgrades: 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!
