On Wednesday, Hancock Whitney hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 82, up from 73 the day before.
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IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade 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 stocks typically have an RS Rating north of 80 in the early stages of their moves.
Hancock Whitney is building a consolidation with a 62.40 entry. See if it can break out in heavy trade.
The company showed 8% earnings growth last quarter, while sales growth came in at 3%. The company is expected to report its latest earnings and sales numbers on or around Jul. 15.
Hancock Whitney 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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