On Wednesday, Ameris Bancorp received an upgrade to its Relative Strength (RS) Rating, from 78 to 81.
This exclusive rating from Investor's Business Daily tracks share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an RS Rating of at least 80 as they launch their biggest runs.
Looking For The Best Stocks To Buy And Watch? Start Here
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to form a consolidation and break out.
The company showed 19% earnings growth in the latest quarterly report. Revenue rose 5%. Look for the next report on or around Jan. 30.
The company earns the No. 13 rank among its peers in the Banks-Southeast industry group. Village Bank & Trust, MetroCity Bankshares and USCB Financial Holdings are among the top 5 highly rated stocks within the group.
RELATED:
Which Stocks Are Showing Rising Relative Strength?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
