On Friday, Independent Bank earned a positive adjustment to its Relative Strength (RS) Rating, from 66 to 73.
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This unique rating identifies market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating in the early stages of their moves. See if Independent Bank can continue to show renewed price strength and clear that threshold.
Independent Bank is trying to complete a consolidation with a 77.23 buy point. See if it can clear the breakout price in heavy trading.
Independent Bank saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -5% to 3%. Revenue rose from 6% to 7%. The company is expected to report its latest numbers on or around Oct. 16.
Independent Bank earns the No. 53 rank among its peers in the Banks-Northeast industry group. The Bancorp, Bankwell Financial Group 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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