Synovus Financial saw its IBD SmartSelect Composite Rating rise to 96 Wednesday, up from 94 the day before.
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The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength.
Synovus Financial broke out earlier, but has fallen back below the prior 59.92 entry from a consolidation. In the case where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new pattern to form.
The stock has a 92 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 92% of all stocks.
Its Accumulation/Distribution Rating of A- shows heavy buying by institutional investors, such as mutual funds and pension funds, over the last 13 weeks.
The company reported 28% EPS growth for Q2. Revenue growth climbed 94%, up from 6% in the prior quarter. That marks one quarter of accelerating revenue increases.
Synovus Financial earns the No. 1 rank among its peers in the Banks-Southeast industry group. FVCBankcorp and Popular Inc. are also among the group's highest-rated stocks.
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