PennyMac Finl Svcs had its Relative Strength (RS) Rating upgraded from 67 to 74 Thursday — a welcome improvement, but still short of the 80 or higher score you look for.
Can You Really Time The Stock Market?
IBD's unique RS Rating tracks 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 often have an RS Rating north of 80 as they launch their largest price moves. See if PennyMac Finl Svcs can continue to rebound and hit that benchmark.
PennyMac Finl Svcs is working on a consolidation with a 119.13 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
The company showed -13% earnings growth in the latest quarterly report. Sales increased 10%.
PennyMac Finl Svcs holds the No. 14 rank among its peers in the Finance-Mortgage & Related Services industry group. LendingTree, Finance of America and Jefferson Capital 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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