The Relative Strength (RS) Rating for OFG Bancorp moved up into a new percentile Friday, as it got a lift from 70 to 74.
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This proprietary rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating in the early stages of their moves. See if OFG Bancorp can continue to show renewed price strength and clear that threshold.
OFG Bancorp is trying to complete a consolidation with a 47.66 buy point. See if the stock can break out in volume at least 40% higher than normal.
Earnings growth increased last quarter from -5% to 6%, but sales fell from 2% to 1%.
The company earns the No. 20 rank among its peers in the Banks-Southeast industry group. FVCBankcorp, SmartFinancial and Red River Bancshares 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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