One important metric to look for in a stock is an 80 or higher Relative Strength Rating. The Bancorp just hit that mark, with a jump from 78 to 84 Tuesday.
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IBD's proprietary RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks matches up against other publicly traded companies.
Decades of market research reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they begin their biggest price moves.
The Bancorp is trying to complete a double bottom with a 57.54 buy point. See if the stock can clear the breakout price in heavy volume.
Earnings growth slowed last quarter from 21% to 12%. But sales moved higher, from 25% to 42%.
The Bancorp earns the No. 2 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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