Pinnacle Finl Partners had its Relative Strength (RS) Rating upgraded from 69 to 73 Monday — a welcome improvement, but still below the 80 or better score you prefer to see.
Can You Really Time The Stock Market?
IBD's proprietary rating measures price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains typically have an RS Rating of above 80 as they begin their largest runs. See if Pinnacle Finl Partners can continue to show renewed price strength 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.
Earnings growth rose in the company's most recent report from 13% to 24%, but revenue fell from 20% to 8%. Keep an eye out for the company's next round of numbers on or around Jul. 22.
Pinnacle Finl Partners earns the No. 10 rank among its peers in the Banks-Southeast industry group. Popular Inc., Southern States Bcshs and Old Point Financial 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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