On Monday, Seacoast Banking of FL got a positive adjustment to its Relative Strength (RS) Rating, from 79 to 82.
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This exclusive rating from Investor's Business Daily measures 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.
History shows that the market's biggest winners tend to have an RS Rating north of 80 as they launch their biggest price moves.
Seacoast Banking of FL is building a double bottom with a 30.06 buy point. See if the stock can break out in volume at least 40% higher than normal.
Earnings growth dropped in the company's latest report from 30% to 3%, but the top line rose from 4% to 12%. Keep an eye out for the company's next round of numbers on or around Jul. 24.
Seacoast Banking of FL holds the No. 30 rank among its peers in the Banks-Southeast industry group. Popular Inc., Red River Bancshares and SmartFinancial 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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