Park National saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 63 to 72.
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IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains tend to have an RS Rating of above 80 as they launch their largest climbs. See if Park National can continue to show renewed price strength and hit that benchmark.
Park National is trying to complete a consolidation with a 207.99 buy point. See if the stock can break out in volume at least 40% higher than normal.
Earnings growth moved up in the company's latest report from 16% to 20%, but sales fell from 22% to 7%.
Park National earns the No. 16 rank among its peers in the Banks-Midwest industry group. First Financial, Alerus Financial and Landmark 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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