On Wednesday, Northeast Bank cleared a noteworthy performance benchmark, with its Relative Strength (RS) Rating rising into the 80-plus percentile with an upgrade to 83, an increase from 78 the day before.
Looking For The Best Stocks To Buy And Watch? Start Here
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the best stocks typically have an 80 or higher RS Rating as they launch their biggest price moves.
Northeast Bank is in a buying range after climbing above a 98.80 entry in a cup with handle. The proper buying range is up to 5% above the initial entry. Once a stock hits that benchmark, it's best to wait for it to set up another buying opportunity.
Earnings grew 57% last quarter, up from 22% in the prior report. Revenue also increased, from 38% to 57%.
The company earns the No. 7 rank among its peers in the Banks-Northeast industry group. The Bancorp, Bankwell Financial Group and Unity 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.
RELATED:
Which Stocks Are Showing Rising Relative Strength?
