Pinnacle Finl Partners saw a welcome improvement to its Relative Strength (RS) Rating on Friday, with an increase from 65 to 72.
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IBD's unique RS Rating measures technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks often have an RS Rating north of 80 in the early stages of their moves. See if Pinnacle Finl Partners can continue to rebound 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 last quarter from 13% to 24%, but sales fell from 20% to 8%.
The company earns 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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