The Relative Strength (RS) Rating for BankUnited headed into a higher percentile Friday, as it got a lift from 68 to 71.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's proprietary RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks compares to the rest of the market.
History 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 BankUnited can continue to rebound and hit that benchmark.
While it's not currently an ideal time to invest, see if the stock goes on to establish and enter a buying range in heavy volume.
Earnings growth moved up last quarter from 8% to 22%, but sales fell from 13% to 6%. Keep an eye out for the company's next round of numbers on or around Jul. 23.
The company holds the No. 10 rank among its peers in the Finance-Savings & Loans industry group. Magyar Bancorp, Pathward Financial and Axos Financial are among the top 5 highly rated stocks 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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