In a welcome move, WSFS Financial saw its Relative Strength Rating improve from 64 to 71 on Wednesday.
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This proprietary rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks compares to the rest of the market.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an RS Rating of at least 80 as they begin their largest price moves. See if WSFS Financial can continue to show renewed price strength and clear that threshold.
WSFS Financial is working on a consolidation with a 62.75 entry. See if the stock can clear the breakout price in heavy volume.
Top and bottom line growth moved higher last quarter. Earnings were up 2%, compared to -3% in the prior report. Revenue increased from -1% to 2%.
The company earns the No. 17 rank among its peers in the Finance-Savings & Loans industry group. Magyar Bancorp, Pathward Financial and Home Bancorp 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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