In a welcome move, Flagstar Financial saw its Relative Strength Rating improve from 69 to 77 on Monday.
Can You Really Time The Stock Market?
This unique rating identifies 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 other publicly traded companies.
Decades of market research shows that the market's biggest winners typically have an RS Rating of over 80 as they begin their biggest runs. See if Flagstar Financial can continue to rebound and hit that benchmark.
While Flagstar Financial is not near an ideal buy point right now, see if it is able to form and break out of a proper consolidation.
Flagstar Financial reported 0% EPS growth last quarter, while sales growth came in at -23%. The company is expected to report its latest earnings and sales numbers on or around Jul. 23.
The company holds the No. 20 rank among its peers in the Finance-Savings & Loans industry group. Magyar Bancorp, IF Bancorp and Pathward 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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