One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Synchrony Financial just hit that mark, with a jump from 79 to 82 Monday.
Hone Your Stock-Picking Skills By Focusing On These Factors
This exclusive rating from Investor's Business Daily identifies price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the top-performing stocks often have an RS Rating of above 80 in the early stages of their moves.
Synchrony Financial is trying to complete a cup with handle with a 61.65 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal.
The company reported 60% earnings growth in its most recent report, while sales growth came in at -17%.
The company earns the No. 9 rank among its peers in the Finance-Savings & Loans industry group. Magyar Bancorp, Pathward Financial and Home 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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