The Relative Strength (RS) Rating for Independent Bank climbed into a higher percentile Thursday, as it got a lift from 66 to 72.
This proprietary rating tracks market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an RS Rating of above 80 in the early stages of their moves. See if Independent Bank can continue to rebound and clear that threshold.
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Independent Bank is trying to complete a cup with handle with a 65.79 entry. See if it can break out in volume at least 40% higher than normal.
Earnings growth fell in the company's latest report from -15% to -27%, but the top line rose from -7% to -4%.
The company earns the No. 53 rank among its peers in the Banks-Northeast industry group. Amalgamated Financial, Chain Bridge Bancorp and Ponce Financial Group are among the top 5 highly rated stocks within the group.
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