In a welcome move, First Commonwealth Fincl saw its Relative Strength Rating rise from 69 to 74 on Wednesday.
This proprietary rating identifies technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks tend to have an RS Rating of at least 80 as they launch their biggest price moves. See if First Commonwealth Fincl can continue to show renewed price strength and clear that threshold.
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While First Commonwealth Fincl is not near an ideal buying range right now, see if it manages to form and break out of a proper chart pattern.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -21% to -20%. Revenue rose from -1% to 0%.
First Commonwealth Fincl holds the No. 53 rank among its peers in the Banks-Northeast industry group. The Bancorp, NB Bancorp and Eastern Bankshares are among the top 5 highly rated stocks within the group.
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