Flagstar Financial saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, with an increase from 77 to 82.
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IBD's unique rating measures price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks compares to 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 as they begin their biggest price moves.
Flagstar Financial broke out earlier, but has fallen back below the prior 12.48 entry from a double bottom. If a stock you're tracking clears a buy point then declines 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new chart pattern and entry price. Also keep in mind that the latest pattern is a later-stage base, and such bases are more prone to failure.
The company showed 0% EPS growth last quarter. Sales rose -23%.
Flagstar Financial earns the No. 21 rank among its peers in the Finance-Savings & Loans industry group. Magyar Bancorp, Pathward Financial and IF 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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