The Relative Strength (RS) Rating for Flagstar Financial headed into a higher percentile Wednesday, as it got a lift from 70 to 77.
This unique rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the best stocks typically have an 80 or higher RS Rating as they begin their largest runs. See if Flagstar Financial can continue to rebound and hit that benchmark.
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Flagstar Financial broke out earlier, but has fallen back below the prior 12.95 entry from a cup without handle. If a stock you're watching climbs above a buy point then declines 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 latest consolidation is a later-stage base, and those involve more risk.
Flagstar Financial showed 0% EPS growth in its most recent report, while sales growth came in at -28%.
Flagstar Financial earns the No. 34 rank among its peers in the Finance-Savings & Loans industry group. Banc of California, Pathward Financial and BankUnited are among the top 5 highly rated stocks within the group.
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