The Relative Strength (RS) Rating for PennyMac Finl Svcs entered a new percentile Friday, with a rise from 77 to 82.
IBD's proprietary RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.
Over 100 years of market history shows that the market's biggest winners tend to have an RS Rating of over 80 in the early stages of their moves.
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PennyMac Finl Svcs is working on a consolidation with a 119.13 buy point. See if it can break out in volume at least 40% above average.
Earnings-per-share growth fell last quarter from 97% to 10%, but sales rose from 3% to 30%. The next quarterly results are expected on or around May 1.
The company earns the No. 7 rank among its peers in the Finance-Mortgage & Related Services industry group. Rocket Cos., LendingTree and Finance of America 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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