On Monday, Independent Bank got a positive adjustment to its Relative Strength (RS) Rating, from 66 to 77.
Can You Really Time The Stock Market?
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the best stocks typically have an 80 or higher RS Rating as they begin their biggest climbs. See if Independent Bank can continue to show renewed price strength and hit that benchmark.
Independent Bank is trying to complete a consolidation with a 77.23 buy point. See if the stock can clear the breakout price in volume at least 40% above average.
Earnings grew 3% last quarter, up from -5% in the prior report. Revenue also increased, from 6% to 7%.
The company earns the No. 41 rank among its peers in the Banks-Northeast industry group. The Bancorp, Capital 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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