Webster Financial had its Relative Strength (RS) Rating upgraded from 67 to 71 Friday — a welcome improvement, but still short of the 80 or higher score you prefer to see.
Can You Really Time The Stock Market?
IBD's unique rating identifies price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
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 Webster Financial can continue to rebound and clear that threshold.
Webster Financial is building a cup without handle with a 61.65 entry. See if it can clear the breakout price in volume at least 40% higher than normal.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up -4%, compared to -20% in the prior report. Revenue increased from 4% to 6%.
Webster Financial earns the No. 27 rank among its peers in the Banks-Northeast industry group. Chain Bridge Bancorp, Capital Bancorp and Ponce Financial Group 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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