Washington Federal Shows Improved Relative Strength; Still Shy Of Benchmark

In a welcome move, Washington Federal (WAFD) saw its Relative Strength Rating improve from 70 to 76 on Tuesday.


When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD’s proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock’s price movement over the trailing 52 weeks stacks up against all the other stocks in our database.

Decades of market research reveals that the best stocks tend to have an RS Rating of at least 80 in the early stages of their moves. See if Washington Federal can continue to show renewed price strength and hit that benchmark.

See How IBD Helps You Make More Money In Stocks

Washington Federal is building a flat base with a 36.94 buy point. See if the stock can clear the breakout price in volume at least 40% above average.

In terms of top and bottom line numbers, Washington Federal has posted three quarters of accelerating earnings growth. Revenue gains have also moved higher during the same period.

Washington Federal earns the No. 48 rank among its peers in the Banks-West/Southwest industry group. Pcb Bancorp (PCB) and Western Alliance Bancorp (WAL) are also among the group’s highest-rated stocks.


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