Independent Bank saw a positive improvement to its Relative Strength (RS) Rating on Friday, with an upgrade from 70 to 74.
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This exclusive rating from Investor's Business Daily measures share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
History shows that the best-performing stocks often have an RS Rating north of 80 in the early stages of their moves. See if Independent Bank can continue to rebound and hit that benchmark.
Independent Bank is working on a consolidation with a 77.23 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal.
Top and bottom line growth moved higher last quarter. Earnings were up 3%, compared to -5% in the prior report. Revenue increased from 6% to 7%.
Independent Bank holds the No. 54 rank among its peers in the Banks-Northeast industry group. Bankwell Financial Group, The Bancorp and Unity Bancorp 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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