Flagstar Financial saw a welcome improvement to its Relative Strength (RS) Rating on Monday, rising from 80 to 83.
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IBD's proprietary RS Rating measures technical performance by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
History reveals that the top-performing stocks tend to have an RS Rating north of 80 as they begin their biggest price moves.
While Flagstar Financial is not near a proper buy zone right now, see if it goes on to form and break out from a proper base.
The company showed 0% EPS growth in its most recent report. Revenue gains came in at -28%. Look for the next report on or around Apr. 25.
The company earns the No. 29 rank among its peers in the Finance-Savings & Loans industry group. Pathward Financial, First Capital and Richmond Mutual Bncp 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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