In a welcome move, Ameris Bancorp saw its Relative Strength Rating rise from 70 to 76 on Tuesday.
This unique rating tracks market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the best stocks typically have an 80 or higher RS Rating in the early stages of their moves. See if Ameris Bancorp can continue to rebound and clear that threshold.
Can You Really Time The Stock Market?
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to establish and enter a buy zone in heavy trade.
Earnings grew 29% last quarter, up from 19% in the prior report. Revenue also increased, from 5% to 11%. Keep an eye out for the company's next round of numbers on or around Apr. 24.
The company earns the No. 34 rank among its peers in the Banks-Southeast industry group. USCB Financial Holdings, Southern States Bcshs and Community Trust Bancorp 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.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
