Hancock Whitney had its Relative Strength (RS) Rating upgraded from 67 to 71 Wednesday — a welcome improvement, but still shy of the 80 or better score you look for.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's unique RS Rating tracks market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves. See if Hancock Whitney can continue to show renewed price strength and clear that threshold.
Hancock Whitney broke out earlier, but has fallen back below the prior 62.40 entry from a consolidation. In the scenario where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new base to take shape. Also understand that the latest pattern is a later-stage base, and those involve more risk.
Earnings growth declined last quarter from 8% to 5%. But sales moved higher, from 3% to 4%.
The company holds the No. 29 rank among its peers in the Banks-Southeast industry group. First Community, Southern First Bancshares and First Bancorp NC 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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