The Relative Strength (RS) Rating for Webster Financial moved into a new percentile Tuesday, as it got a lift from 67 to 71.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they launch their biggest climbs. See if Webster Financial can continue to rebound and clear that threshold.
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Webster Financial broke out earlier, but has fallen back below the prior 53.39 entry from a consolidation. If a stock you're tracking climbs above a buy point then falls 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 understand that the most recent pattern is a later-stage base, and those involve more risk.
Although earnings and sales growth came in at -14% and -4%, respectively, in the latest report, that showed improvement for both earnings-per-share and sales.
The company holds the No. 38 rank among its peers in the Banks-Northeast industry group. Amalgamated Financial, Ponce Financial Group and Orrstown Financial are among the top 5 highly rated stocks within the group.
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