Pennymac Financial Services Shows Improved Price Strength

On Monday, Pennymac Financial Services (PFSI) earned an upgrade to its Relative Strength (RS) Rating, from 63 to 72.


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

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 movement over the trailing 52 weeks holds up against all the other stocks in our database.

Over 100 years of market history shows that the best stocks typically have an 80 or higher RS Rating in the early stages of their moves. See if Pennymac Financial Services can continue to show renewed price strength and clear that threshold.

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Pennymac Financial Services is trying to complete a consolidation with a 70.10 buy point. See if the stock can clear the breakout price in volume at least 40% above average.

The company showed 218% EPS growth in the latest quarterly report, while sales growth came in at 113%.

The company holds the No. 2 rank among its peers in the Finance-Mortgage & Related Services industry group. Corelogic (CLGX) and Federal Agric Mtg Cl C (AGM) are also among the group’s highest-rated stocks.


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