The Relative Strength (RS) Rating for Ameris Bancorp entered a new percentile Wednesday, with a rise from 75 to 81.
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IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the market's biggest winners often have an RS Rating of at least 80 in the early stages of their moves.
Ameris Bancorp is working on a consolidation with a 74.56 buy point. See if the stock can break out in volume at least 40% higher than normal.
The company reported 16% EPS growth in the latest quarterly report. Revenue increased 7%. Look for the next report on or around Jul. 24.
The company earns the No. 23 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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