On Wednesday, Hancock Whitney stock hit an important technical milestone, with its Relative Strength (RS) Rating moving into the 80-plus percentile with an upgrade to 88, up from 79 the day before.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners often have an RS Rating north of 80 as they begin their biggest price moves.
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Is Hancock Whitney Stock A Buy?
Hancock Whitney stock is forming a wide consolidation with a 59.92 buy point. See if it can break out in trade at least 40% higher than normal.
The relative strength line is currently in new high ground, a positive sign of market leadership.
Earnings growth declined last quarter from 16% to 1%. But sales moved higher, from -5% to -1%. Look for the next report on or around Oct. 19.
Hancock Whitney stock earns the No. 34 rank among its peers in the Banks-Southeast industry group. Southern States Bancshr and First Citizens Bancshares are also among the group's highest-rated stocks.
