On Wednesday, Provident Finl Services earned a positive adjustment to its Relative Strength (RS) Rating, from 66 to 73.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks holds 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 in the early stages of their moves. See if Provident Finl Services can continue to rebound and clear that threshold.
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While now is not an ideal time to invest, see if the stock goes on to form a consolidation and break out.
Earnings growth moved up last quarter from -5% to 3%, but revenue fell from 82% to 79%.
Provident Finl Services holds the No. 34 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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