First Horizon saw a positive improvement to its Relative Strength (RS) Rating on Thursday, with an upgrade from 80 to 83.
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IBD's unique rating tracks share price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the best stocks typically have an RS Rating north of 80 as they launch their biggest climbs.
First Horizon is now considered extended and out of buy range after clearing a 20.05 buy point in a first-stage double bottom. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings grew 25% last quarter, up from 20% in the prior report. Revenue also increased, from -1% to 2%.
First Horizon earns the No. 14 rank among its peers in the Banks-Southeast industry group. FVCBankcorp, SmartFinancial 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.
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