In a welcome move, SLM saw its Relative Strength Rating improve from 69 to 74 on Wednesday.
Can You Really Time The Stock Market?
This exclusive rating from Investor's Business Daily identifies share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks holds up against all 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 SLM can continue to show renewed price strength and hit that benchmark.
SLM is trying to complete a double bottom with a 33.16 buy point. See if it can break out in heavy volume.
The company posted negative growth for both the top and bottom lines last quarter.
SLM earns the No. 19 rank among its peers in the Finance-Consumer Loans industry group. SoFi Technologies, Atlanticus Holdings and Ezcorp Cl A 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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