Trustmark saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, rising from 80 to 83.
IBD's proprietary RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matches up against that of all other stocks.
Over 100 years of market history reveals that the best stocks often have an RS Rating north of 80 in the early stages of their moves.
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Trustmark is working on a consolidation with a 40.73 buy point. See if the stock can clear the breakout price in heavy volume.
Taking a look at top and bottom line numbers, the company has posted three quarters of rising earnings growth. Revenue growth has also increased during the same period.
The company earns the No. 18 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.
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