Pinnacle Finl Partners had its Relative Strength (RS) Rating upgraded from 66 to 75 Monday — a welcome improvement, but still short of the 80 or better score you prefer to see.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's proprietary rating measures price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the best stocks typically have an RS Rating north of 80 in the early stages of their moves. See if Pinnacle Finl Partners can continue to rebound and hit that benchmark.
Pinnacle Finl Partners has climbed more than 5% past a 92.33 entry in a first-stage consolidation, meaning it's now out of a proper buy range. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
While the company's top line growth fell last quarter from 20% to 8%, earnings-per-share grew 24%, up from 13% in the previous report.
The company holds the No. 13 rank among its peers in the Banks-Southeast industry group. Southern States Bcshs, Old Point Financial 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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