On Tuesday, Independent Bank got a positive adjustment to its Relative Strength (RS) Rating, from 66 to 75.
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IBD's unique RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History shows that the best-performing stocks typically have an RS Rating north of 80 as they launch their largest price moves. See if Independent Bank can continue to show renewed price strength and clear that threshold.
Independent Bank is building a consolidation with a 77.23 entry. See if it can clear the breakout price in volume at least 40% higher than normal.
Earnings growth slowed last quarter from -4% to -5%. But revenue moved higher, from 0% to 6%.
Independent Bank holds the No. 39 rank among its peers in the Banks-Northeast industry group. Capital Bancorp, Chain Bridge Bancorp and Ponce Financial 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.
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