On Monday, Hancock Whitney got an upgrade to its Relative Strength (RS) Rating, from 70 to 73.
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 in the early stages of their moves. See if Hancock Whitney can continue to show renewed price strength and hit that benchmark.
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Hancock Whitney is trying to complete a cup with handle with a 49.10 buy point. See if it can break out in volume at least 40% above average.
Although earnings and sales growth came in at -12% and -3%, respectively, in the latest report, that marked two quarters of acceleration for earnings and one for revenue. The company is expected to report its next quarterly numbers on or around Jul. 16.
The company earns the No. 15 rank among its peers in the Banks-Southeast industry group. First Citizens Bcshs A, First BnCp Puerto Rico and OFG Bancorp are among the top 5 highly rated stocks within the group.
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