One important metric to look for in a stock is an 80 or higher Relative Strength Rating. The Bancorp now clears that threshold, with a jump from 69 to 87 Thursday.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners typically have an 80 or higher RS Rating in the early stages of their moves.
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The Bancorp is not currently showing a potential entry point. See if the stock goes on to form a base that could launch a new move.
Top and bottom line growth moved higher last quarter. Earnings were up 21%, compared to 13% in the prior report. Revenue increased from 9% to 25%. The company is expected to report its latest earnings and sales numbers on or around Apr. 24.
The Bancorp holds the No. 3 rank among its peers in the Banks-Northeast industry group. Northeast Bank is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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