One important metric to look for in a stock is an 80 or higher Relative Strength Rating. First Horizon just hit that mark, with a jump from 75 to 85 Thursday.
This proprietary rating tracks market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the top-performing stocks typically have an 80 or better RS Rating in the early stages of their moves.
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First Horizon is working on a consolidation with a 22.44 buy point. See if the stock can break out in volume at least 40% above average.
The company showed 34% EPS growth in the latest quarterly report, while sales growth came in at -9%. The next quarterly results are expected on or around Apr. 16.
First Horizon holds the No. 22 rank among its peers in the Banks-Southeast industry group. USCB Financial Holdings, Southern States Bcshs and Old Point Financial 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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