When considering what names to put on your watch list, focus on stocks with an 80 or higher RS Rating. Trustmark now meets that criteria, with an increase from 77 to 81 Thursday.
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 movement over the last 52 weeks compares to all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating in the early stages of their moves.
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Trustmark is trying to complete a cup without handle with a 40.73 entry. See if the stock can clear the breakout price in volume at least 40% above average.
In terms of top and bottom line numbers, the company has posted three quarters of rising earnings growth. Top line growth has also moved higher during the same period.
Trustmark earns the No. 17 rank among its peers in the Banks-Southeast industry group. USCB Financial Holdings, ServisFirst Bancshares and SmartFinancial are among the top 5 highly rated stocks within the group.
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