Hancock Whitney had its Relative Strength (RS) Rating upgraded from 66 to 71 Tuesday — 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
This proprietary rating tracks market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains often have an RS Rating of above 80 as they launch their largest climbs. See if Hancock Whitney can continue to rebound and hit that benchmark.
While the stock is not near an ideal buying range right now, see if it goes on to form and break out of a proper chart pattern.
While earnings growth dropped in the prior quarter from 8% to 5%, the top line grew 4%, up from 3% in the prior report.
The company earns the No. 25 rank among its peers in the Banks-Southeast industry group. Southern First Bancshares, Towne Bank 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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