On Monday, Renasant hit a key performance benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 81, up from 77 the day before.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best stocks typically have an RS Rating north of 80 as they launch their biggest price moves.
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Renasant is not currently near a potential buy zone. See if the stock goes on to form a chart pattern that could launch a new move.
Earnings growth increased last quarter from -5% to -4%, but revenue fell from 33% to 14%.
The company holds the No. 40 rank among its peers in the Banks-Southeast industry group. USCB Financial Holdings, ServisFirst Bancshares and Southern States Bcshs 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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