Renasant had its Relative Strength (RS) Rating upgraded from 62 to 72 Monday — a welcome improvement, but still shy of the 80 or better score you look for.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's proprietary RS Rating identifies market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the best stocks often have an RS Rating north of 80 in the early stages of their moves. See if Renasant can continue to rebound and clear that threshold.
Renasant is building a cup with handle with a 36.10 entry. See if the stock can clear the breakout price in volume at least 40% above average.
Earnings growth increased in the company's latest report from -4% to 2%, but sales fell from 14% to 4%.
Renasant earns the No. 34 rank among its peers in the Banks-Southeast industry group. Southern States Bcshs, Popular Inc. 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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