On Thursday, Northwest Bancshares got an upgrade to its Relative Strength (RS) Rating, from 70 to 84.
This proprietary rating measures 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.
Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating as they launch their biggest climbs.
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While Northwest Bancshares is not near a proper entry right now, see if it manages to form and break out of a proper chart pattern.
Earnings growth slowed in the most recent quarter from 0% to -16%. But revenue moved higher, from -29% to 0%.
The company earns the No. 29 rank among its peers in the Finance-Savings & Loans industry group. Axos Financial, Northeast Community Bncp and Synchrony Financial are among the top 5 highly rated stocks within the group.
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