Pathward Financial had its Relative Strength (RS) Rating upgraded from 89 to 92 Thursday.
IBD's proprietary RS Rating tracks technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the top-performing stocks often have an RS Rating north of 80 as they launch their biggest climbs.
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Pathward Financial is now considered extended and out of buy range after clearing a 69.23 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
While sales growth fell last quarter from 7% to 4%, the bottom line grew -1%, up from -6% in the previous report.
Pathward Financial holds the No. 4 rank among its peers in the Finance-Savings & Loans industry group. Axos Financial is the top-ranked stock within the group.
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