Customers Bancorp had its Relative Strength (RS) Rating upgraded from 63 to 76 Tuesday — a welcome improvement, but still below the 80 or higher score you prefer to see.
IBD's unique rating identifies price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
History shows that the top-performing stocks typically have an RS Rating of above 80 in the early stages of their moves. See if Customers Bancorp can continue to rebound and hit that benchmark.
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Customers Bancorp is trying to complete a cup without handle with a 68.49 buy point. See if the stock can break out in volume at least 40% above average.
Customers Bancorp posted negative growth for both the top and bottom lines last quarter.
The company earns the No. 49 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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