Market volatility has been high as of late. After last week’s sell-off, both the Dow and S&P 500 bounced back yesterday, up 0.7% at the close. With the market finally gaining some momentum, now is a good opportunity to put some money to work.

Today’s trade is Investors Bancorp, Inc. (ISBC). The company is a regional bank headquartered in New Jersey and has over 100 full service branch offices in New Jersey and in New York.

The stock has good fundamentals, with excellent revenue and earnings growth on a quarter-over-quarter basis and on a multi-year basis. ISBC earns an impressive 65 out of 100 for its Demand Fundamental score in the Turner Analytics database system. Quarter-to-quarter earnings growth and multi-year revenue growth score a five out of five, while multi-year earnings growth scores four out of five.

Technically, the current bullish signal began earlier in the year and has been in effect for over nine weeks — and the stock has doubled in the past three years. In this highly volatile market, ISBC has low volatility, with an expected weekly move of only 2.1%. This low volatility will possibly allow the stock to outperform if the overall market moves into a neutral or bearish bias.

The stock has a small dividend of 1.7%, which helps to buoy the stock during a market with a bearish bias. Finally, this bank is potentially a great way to invest in the growth of the New Jersey/New York metropolitan markets.

Overall, ISBC is an exceptionally strong stock that is rated as a strong buy in the Turner Analytics system and is in the Buy Zone. I recommend entering the shares at $11.72 or better and setting a stop at $11.32.

Mike Turner and his team of software engineers developed Turner Analytics, a sophisticated software market and trade-timing system that provides unbiased, quantifiable recommendations on thousands of equities and rates, ranks and scores these equities from best to worst in an easy-to-use on-line tool for individual investors. He is also the editor of Signal Investor.