Flagstar Financial saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, rising from 77 to 82.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's unique rating identifies market leadership 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.
Over 100 years of market history shows that the market's biggest winners typically have an 80 or higher RS Rating in the early stages of their moves.
Flagstar Financial broke out earlier, but has fallen back below the prior 12.48 entry from a double bottom. In the case where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new pattern to take shape. Also understand that the most recent consolidation is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
Flagstar Financial showed 0% earnings growth last quarter. Revenue gains came in at -23%.
Flagstar Financial holds the No. 19 rank among its peers in the Finance-Savings & Loans industry group. Magyar Bancorp, Pathward Financial and First 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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