The Relative Strength (RS) Rating for ServisFirst Bancshares jumped into a new percentile Wednesday, with a rise from 78 to 82.
IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matches up against other publicly traded companies.
History shows that the best-performing stocks tend to have an 80 or better RS Rating as they begin their biggest climbs.
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ServisFirst Bancshares is trying to complete a consolidation with a 101.37 entry. See if it can clear the breakout price in volume at least 40% higher than normal.
In terms of fundamentals, ServisFirst Bancshares has posted four quarters of increasing earnings growth. Top line growth has also risen over the same time frame.
ServisFirst Bancshares holds the No. 4 rank among its peers in the Banks-Southeast industry group. USCB Financial Holdings is the top-ranked stock within the group.
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