Seacoast Banking of FL had its Relative Strength (RS) Rating upgraded from 66 to 74 Wednesday — a welcome improvement, but still shy of the 80 or better score you prefer to see.
When To Sell Stocks To Lock In Profits And Minimize Losses
This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks compares to the rest of the market.
History shows that the best stocks typically have an 80 or higher RS Rating as they begin their biggest climbs. See if Seacoast Banking of FL can continue to rebound and clear that threshold.
Seacoast Banking of FL is working on a double bottom with a 30.06 entry. See if the stock can clear the breakout price in heavy trade.
Earnings growth slowed last quarter from 30% to 3%. But revenue gains moved higher, from 4% to 12%. The company is expected to report its latest numbers on or around Jul. 24.
Seacoast Banking of FL holds the No. 32 rank among its peers in the Banks-Southeast industry group. Popular Inc., Capital City Bank Group 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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