On Wednesday, Bank OZK earned an upgrade to its Relative Strength (RS) Rating, from 68 to 78.
Can You Really Time The Stock Market?
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the best stocks typically have an RS Rating north of 80 as they begin their largest runs. See if Bank OZK can continue to show renewed price strength and hit that benchmark.
Bank OZK is still inside a buy zone after moving past a 47.52 entry in a cup with handle. Once a stock moves 5% or higher beyond the initial entry, it's considered out of buy range.
The company posted -3% EPS growth in its most recent report, while sales growth came in at 1%. Keep an eye out for the company's next round of numbers on or around Jul. 17.
The company holds the No. 23 rank among its peers in the Banks-Southeast industry group. Popular Inc., Capital City Bank Group and Red River Bancshares 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.
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