In a welcome move, Bank OZK saw its Relative Strength Rating improve from 68 to 71 on Wednesday.
Can You Really Time The Stock Market?
IBD's proprietary RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best-performing stocks tend to have an 80 or better RS Rating in the early stages of their moves. See if Bank OZK can continue to show renewed price strength and clear that threshold.
Bank OZK is building a flat base with a 53.66 buy point. See if it can clear the breakout price in heavy volume.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -3% to 4%. Revenue rose from 1% to 3%. The next quarterly results are expected on or around Oct. 16.
Bank OZK holds the No. 11 rank among its peers in the Banks-Southeast industry group. First Community, Southern First Bancshares and Popular Inc. are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
