The Relative Strength (RS) Rating for Flagstar Financial entered a new percentile Tuesday, as it got a lift from 67 to 71.
Can You Really Time The Stock Market?
IBD's unique RS Rating identifies technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains often have an RS Rating of above 80 in the early stages of their moves. See if Flagstar Financial can continue to show renewed price strength and clear that threshold.
Flagstar Financial is still within a buying range after clearing a 12.67 entry in a consolidation. The proper buying range extends to 5% above the initial entry. Once a stock hits that benchmark, it's best to hold off investing and wait for it to set up another buying opportunity..
The company reported 0% earnings growth last quarter, while sales growth came in at -26%.
Flagstar Financial holds the No. 30 rank among its peers in the Finance-Savings & Loans industry group. Magyar Bancorp, Lake Shore Bancorp 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.
RELATED:
Stocks With Rising Relative Strength Ratings
