On Friday, First Horizon got an upgrade to its Relative Strength (RS) Rating, from 80 to 83.
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This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the best-performing stocks often have an RS Rating north of 80 as they begin their biggest price moves.
First Horizon is still within a buying range after climbing above a 20.05 buy point in a double bottom. The proper buying range extends to 5% above the initial entry. Once a stock moves above that range, it's best to hold off investing and wait for it to set up another buying opportunity.
Earnings growth decreased in the most recent quarter from 34% to 20%. But revenue moved higher, from -9% to -1%.
The company earns the No. 16 rank among its peers in the Banks-Southeast industry group. Popular Inc., Southern States Bcshs and Stock Yards Bancorp 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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