Customers Bancorp had its Relative Strength (RS) Rating upgraded from 62 to 72 Monday — a welcome improvement, but still shy of the 80 or higher score you look for.
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This proprietary rating measures market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the market's biggest winners typically have an RS Rating north of 80 as they launch their biggest price 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 buy point. See if it can break out in heavy volume.
In terms of fundamentals, the company has posted two quarters of accelerating earnings growth. Top line growth has been a different story, coming in at -21% in the most recent report.
Customers Bancorp holds the No. 38 rank among its peers in the Banks-Northeast industry group. Chain Bridge Bancorp, Capital Bancorp and Ponce Financial Group 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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