When building your watch list, look for stocks with an 80 or higher RS Rating. Synovus Financial is one stock that just reached the mark, now earning a score of 81.
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IBD's unique rating identifies share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves.
Synovus Financial is building a consolidation with a 59.92 buy point. See if the stock can break out in volume at least 40% higher than normal.
Earnings growth rose last quarter from 56% to 65%. But sales fell from 19% to 6%. Keep an eye out for the company's next round of numbers on or around Jul. 16.
The company holds the No. 11 rank among its peers in the Banks-Southeast industry group. Southern States Bcshs, Popular Inc. and Capital City Bank Group 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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