OFG Bancorp had its Relative Strength (RS) Rating upgraded from 70 to 75 Monday — a welcome improvement, but still below the 80 or higher score you look for.
When To Sell Stocks To Lock In Profits And Minimize Losses
This unique rating identifies market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the best-performing stocks often have an RS Rating of at least 80 as they begin their biggest climbs. See if OFG Bancorp can continue to rebound and hit that benchmark.
OFG Bancorp is working on a consolidation with a 47.66 buy point. See if the stock can clear the breakout price in volume at least 40% above average.
Earnings growth slowed last quarter from 11% to -5%. But revenue moved higher, from 0% to 2%. The company is expected to report its latest performance numbers on or around Jul. 17.
OFG Bancorp earns the No. 33 rank among its peers in the Banks-Southeast industry group. Popular Inc., Red River Bancshares and SmartFinancial 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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