Renasant saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, rising from 70 to 76.
This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the top-performing stocks often have an RS Rating north of 80 in the early stages of their moves. See if Renasant can continue to show renewed price strength and hit that benchmark.
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Renasant is working on a cup without handle with a 39.47 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal.
Earnings grew -5% last quarter, up from -17% in the prior report. Revenue also increased, from 11% to 33%. Keep an eye out for the company's next round of numbers on or around Jan. 28.
Renasant holds the No. 36 rank among its peers in the Banks-Southeast industry group. USCB Financial Holdings, First Community and SmartFinancial are among the top 5 highly rated stocks within the group.
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