In a welcome move, Renasant saw its Relative Strength Rating improve from 64 to 71 on Wednesday.
When To Sell Stocks To Lock In Profits And Minimize Losses
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the top-performing stocks often have an 80 or higher RS Rating in the early stages of their moves. See if Renasant can continue to rebound and clear that threshold.
Renasant broke out earlier, but has fallen back below the prior 36.10 entry from a cup with handle. If a stock you're tracking clears a buy point then declines 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new base and entry price. Also keep in mind that the most recent pattern is a later-stage base, and such bases are more prone to failure.
Earnings growth increased last quarter from -4% to 2%. But sales fell from 14% to 4%.
Renasant earns the No. 33 rank among its peers in the Banks-Southeast industry group. Southern States Bcshs, Popular Inc. and Capital City Bank Group 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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