Home BancShares saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, rising from 70 to 83.
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of over 80 as they begin their biggest climbs.
Hone Your Stock-Picking Skills By Focusing On These Factors
Home BancShares is in a buying range after breaking past a 28.99 entry in a flat base. The proper buying range extends to 5% above the initial entry. Once a stock hits that benchmark, it's best to hold off investing and wait for it to set up another buying opportunity.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 2% to 6%. Revenue rose from -1% to 5%.
The company holds the No. 31 rank among its peers in the Banks-Southeast industry group. MetroCity Bankshares, USCB Financial Holdings and Village Bank & Trust are among the top 5 highly rated stocks within the group.
RELATED:
IBD Stock Rating Upgrades: 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!
