Flagstar Financial had its Relative Strength (RS) Rating upgraded from 79 to 84 Thursday.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the best stocks often have an RS Rating north of 80 in the early stages of their moves.
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Flagstar Financial is still within a buying range after moving past a 12.95 buy point in a cup without handle. The proper buying range extends to 5% above the initial entry. Once a stock moves above that range, it's best to hold off investing and wait for it to set up another buying opportunity.
Flagstar Financial reported 0% earnings growth in its most recent report, while sales growth came in at -28%.
The company earns the No. 27 rank among its peers in the Finance-Savings & Loans industry group. Pathward Financial, First Seacoast Bancorp and IF Bancorp are among the top 5 highly rated stocks within the group.
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