The Relative Strength (RS) Rating for First Horizon entered a new percentile Thursday, with an increase from 80 to 84.
IBD's unique RS Rating tracks market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history shows that the best stocks tend to have an 80 or better RS Rating as they launch their biggest price moves.
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First Horizon is within a buy zone after moving past a 17.46 buy point in a consolidation. The proper buying range extends to 5% above the initial entry. Once a stock moves above that range, it's best to hold off investing and wait for it to set up another buying opportunity.
Top and bottom line growth moved higher last quarter. Earnings were up 56%, compared to -8% in the prior report. Revenue increased from -21% to 6%.
First Horizon earns the No. 18 rank among its peers in the Banks-Southeast industry group. Village Bank & Trust, MetroCity Bankshares and First Community are among the top 5 highly rated stocks within the group.
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