The Relative Strength (RS) Rating for Synovus Financial moved up into a higher percentile Monday, as it got a lift from 69 to 75.
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This exclusive rating from Investor's Business Daily tracks share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the best stocks often have an RS Rating of above 80 in the early stages of their moves. See if Synovus Financial can continue to show renewed price strength and hit that benchmark.
Synovus Financial is now considered extended and out of buy range after clearing a 46.60 buy point in a first-stage cup with handle. 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 56% to 65%. But revenue gains fell from 19% to 6%. Keep an eye out for the company's next round of numbers on or around Jul. 16.
Synovus Financial holds 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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