When considering what names to put on your watch list, look for stocks with an 80 or higher RS Rating. The Bancorp just met that criteria with a new score of 81.
Looking For The Best Stocks To Buy And Watch? Start Here
This proprietary rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.
History reveals that the best stocks often have an 80 or better RS Rating in the early stages of their moves.
The Bancorp is not currently showing a potential entry point. See if the stock goes on to build a promising consolidation that could ignite a new run.
While the company's bottom line growth declined in the company's most recently reported quarter from 21% to 12%, sales grew 42%, up from 25% in the previous report.
The Bancorp earns the No. 5 rank among its peers in the Banks-Northeast industry group. Chain Bridge Bancorp is the No. 1-ranked stock 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.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
