First Horizon had its Relative Strength (RS) Rating upgraded from 65 to 73 Tuesday — a welcome improvement, but still shy of the 80 or better score you prefer to see.
This unique rating measures technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the top-performing stocks often have an 80 or higher RS Rating as they begin their largest runs. See if First Horizon can continue to show renewed price strength and hit that benchmark.
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While the stock is not near a proper buying range right now, see if it manages to form and break out of a proper chart pattern.
The company showed 34% earnings growth last quarter, while sales growth came in at -9%. The next quarterly numbers are expected on or around Apr. 16.
First Horizon earns the No. 31 rank among its peers in the Banks-Southeast industry group. USCB Financial Holdings, Southern States Bcshs and Old Point Financial 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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