On Tuesday, Pinnacle Finl Partners earned a positive adjustment to its Relative Strength (RS) Rating, from 69 to 78.
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This proprietary rating tracks technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the market's biggest winners often have an RS Rating of over 80 as they launch their biggest runs. See if Pinnacle Finl Partners can continue to show renewed price strength and clear that threshold.
Pinnacle Finl Partners is now considered extended and out of buy range after clearing a 92.33 buy point in a first-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings growth increased in the company's latest report from 13% to 24%, but the top line fell from 20% to 8%.
The company earns the No. 10 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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