The Relative Strength (RS) Rating for Synovus Financial entered a new percentile Wednesday, with a rise from 77 to 84.
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This exclusive rating from Investor's Business Daily measures share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the market's biggest winners tend to have an RS Rating of at least 80 as they begin their biggest runs.
Synovus Financial is trying to complete a consolidation with a 59.92 entry. See if the stock can clear the breakout price in volume at least 40% above average.
Earnings growth rose last quarter from 56% to 65%. But sales fell from 19% to 6%. The next quarterly numbers are expected on or around Jul. 16.
Synovus Financial earns the No. 10 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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