OFG Bancorp had its Relative Strength (RS) Rating upgraded from 70 to 73 Friday — a welcome improvement, but still shy of the 80 or higher score you prefer to see.
Can You Really Time The Stock Market?
IBD's unique RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an RS Rating of above 80 in the early stages of their moves. See if OFG Bancorp can continue to rebound and hit that benchmark.
OFG Bancorp is trying to complete a consolidation with a 47.66 entry. See if it can clear the breakout price in heavy volume.
Earnings growth slowed last quarter from 11% to -5%. But revenue gains moved higher, from 0% to 2%. Keep an eye out for the company's next round of numbers on or around Jul. 17.
OFG Bancorp holds the No. 30 rank among its peers in the Banks-Southeast industry group. SmartFinancial, Popular Inc. and Capital City Bank 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.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
