On Thursday, Axos Financial stock hit a noteworthy technical benchmark, with its Relative Strength (RS) Rating rising into the 90-plus percentile with an upgrade to 93, up from 86 the day before.
This unique rating measures technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the best-performing stocks typically have an 80 or higher RS Rating as they launch their largest climbs.
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Is Axos Financial Stock A Buy?
Axos Financial stock is trading within a buying range after climbing above a 79.15 entry in a cup without handle. The proper buying range extends to 5% above the initial entry. Once a stock hits that benchmark, it's best to wait for it to set up another buying opportunity..
The consumer and business banking services provider saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 22% to 39%. Revenue rose from 23% to 31%.
Axos Financial stock earns the No. 1 rank among its peers in the Finance-Savings & Loans industry group. Northeast Community Bncp and Synchrony Financial are also among the group's highest-rated stocks.
