On Wednesday, Pinnacle Finl Partners cleared a key performance benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 82, up from 73 the day before.
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IBD's proprietary RS Rating tracks market leadership by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
Decades of market research shows that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating in the early stages of their moves.
Pinnacle Finl Partners is building a consolidation with a 131.91 entry. See if it can break out in volume at least 40% above average.
Earnings growth rose last quarter from 13% to 24%. But revenue gains fell from 20% to 8%. Look for the next report on or around Jul. 15.
The company 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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