On Wednesday, Park National got a positive adjustment to its Relative Strength (RS) Rating, from 70 to 74.
IBD's proprietary RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks compares to other publicly traded companies.
History shows that the market's biggest winners often have an 80 or better RS Rating in the early stages of their moves. See if Park National can continue to show renewed price strength and clear that threshold.
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Park National is not currently showing a potential entry point. See if the stock goes on to form a chart pattern that could launch a new move.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -1% to 16%. Revenue rose from 13% to 22%.
Park National earns the No. 27 rank among its peers in the Banks-Midwest industry group. First Business Finl Svcs, Equity Bancshares and Hawthorn Bancshares are among the top 5 highly rated stocks within the group.
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