On Tuesday, WSFS Financial earned an upgrade to its Relative Strength (RS) Rating, from 69 to 74.
When To Sell Stocks To Lock In Profits And Minimize Losses
This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks compares to other publicly traded companies.
History shows that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating in the early stages of their moves. See if WSFS Financial can continue to rebound and clear that threshold.
WSFS Financial is working on a double bottom with a 59.43 entry. See if it can clear the breakout price in heavy trade.
Earnings grew 2% last quarter, up from -3% in the prior report. Revenue also increased, from -1% to 2%.
WSFS Financial holds the No. 24 rank among its peers in the Finance-Savings & Loans industry group. Magyar Bancorp, Pathward Financial and First Capital 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:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
