Commerce Bancshares had its Relative Strength (RS) Rating upgraded from 78 to 84 Thursday.
IBD's unique rating measures price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the market's biggest winners tend to have an RS Rating north of 80 as they launch their biggest runs.
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Commerce Bancshares has moved more than 5% past a 65.86 entry in a first-stage flat base, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Regarding top and bottom line numbers, the company has posted three quarters of accelerating earnings growth. Revenue growth has also risen during the same period.
The company earns the No. 9 rank among its peers in the Banks-Midwest industry group. First Internet Bancorp, Nicolet Bankshares and ChoiceOne Financial Svcs are among the top 5 highly rated stocks within the group.
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