In a welcome move, The Bancorp saw its Relative Strength Rating rise from 68 to 75 on Tuesday.
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This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the best stocks tend to have an RS Rating of at least 80 in the early stages of their moves. See if The Bancorp can continue to rebound and clear that threshold.
While The Bancorp is not near an ideal buy point right now, see if it manages to form and break out of a proper base.
Earnings growth decreased last quarter from 21% to 12%, but revenue rose from 25% to 42%. Keep an eye out for the company's next round of numbers on or around Jul. 24.
The company earns the No. 5 rank among its peers in the Banks-Northeast industry group. Capital Bancorp is the top-ranked stock 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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