On Tuesday, Home BancShares received a positive adjustment to its Relative Strength (RS) Rating, from 69 to 76.
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This proprietary rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks compares to the rest of the market.
History shows that the best-performing stocks tend to have an 80 or higher RS Rating as they begin their biggest runs. See if Home BancShares can continue to show renewed price strength and hit that benchmark.
Home BancShares is working on a consolidation with a 31.27 entry. See if the stock can break out in heavy trading.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 9% to 14%. Revenue rose from 5% to 6%.
Home BancShares holds the No. 22 rank among its peers in the Banks-Southeast industry group. Southern States Bcshs, Old Point Financial 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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