On Thursday, NBT Bancorp earned an upgrade to its Relative Strength (RS) Rating, from 74 to 86.
This exclusive rating from Investor's Business Daily identifies price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
History shows that the top-performing stocks tend to have an 80 or better RS Rating in the early stages of their moves.
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NBT Bancorp broke out earlier, but has fallen back below the prior 50.84 entry from a consolidation. If a stock you're tracking climbs above a buy point then retreats 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new consolidation and breakout. Also keep in mind that the most recent consolidation is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
While the company's top line growth fell last quarter from 16% to 9%, the bottom line grew -5%, up from -14% in the previous report.
The company holds the No. 26 rank among its peers in the Banks-Northeast industry group. Amalgamated Financial, Chain Bridge Bancorp and Metropolitan Bank are among the top 5 highly rated stocks within the group.
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