Hope Bancorp Reaches 80-Plus Relative Strength Rating Benchmark

One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Hope Bancorp (HOPE) just hit that mark, with a move from 78 to 81 Tuesday morning.


When you’re researching the best stocks to buy and watch, be sure to pay attention to relative price strength.

IBD’s proprietary rating measures price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price movement over the trailing 52 weeks compares to all the other stocks in our database.

Decades of market research reveals that the best-performing stocks typically have an RS Rating north of 80 as they launch their biggest climbs.

Looking For The Best Stocks To Buy And Watch? Start Here

Hope Bancorp stock is working on a consolidation with a 16.71 buy point. See if the stock can break out in heavy trade and move up in the group rankings.

Hope Bancorp stock saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 67% to 95%. Revenue rose from -18% to -3%. Look for the next report on or around Oct. 20.

Hope Bancorp holds the No. 50 rank among its peers in the Banks-West/Southwest industry group. Silvergate Cap Corp Cl A (SI) and Pcb Bancorp (PCB) are also among the group’s highest-rated stocks.


Banks And Financial Stocks: Latest News And Analysis

Stocks With Rising Relative Strength Ratings

Why Should You Use IBD’s Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock

See How To Reduce Risk, Increase Profits With Swing Trading

Most Related Links :
Business News Governmental News Finance News

Source link

Back to top button