Customers Bancorp had its Relative Strength (RS) Rating upgraded from 69 to 73 Friday — a welcome improvement, but still short of the 80 or higher score you look for.
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This unique rating tracks technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History shows that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves. See if Customers Bancorp can continue to rebound and hit that benchmark.
Customers Bancorp is working on a double bottom with a 58.88 entry. See if the stock can break out in volume at least 40% above average.
In terms of fundamentals, the company has posted two quarters of rising earnings growth. Top line growth has been a different story, coming in at -21% in the latest report.
The company earns the No. 50 rank among its peers in the Banks-Northeast industry group. Capital Bancorp, Chain Bridge Bancorp and Peoples Fincl Svcs 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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