The Relative Strength (RS) Rating for SLM moved up into a new percentile Tuesday, as it got a lift from 69 to 72.
Can You Really Time The Stock Market?
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 the other stocks in our database.
Over 100 years of market history shows that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if SLM can continue to show renewed price strength and hit that benchmark.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock manages to establish and enter a buying range in heavy volume.
The company posted negative growth for both the top and bottom lines last quarter.
The company holds the No. 18 rank among its peers in the Finance-Consumer Loans industry group. SoFi Technologies, Atlanticus Holdings and Ezcorp Cl A 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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