One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Trustmark just hit that mark, with a jump from 80 to 84 Wednesday.
This exclusive rating from Investor's Business Daily measures price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains typically have an RS Rating of over 80 in the early stages of their moves.
Looking For The Best Stocks To Buy And Watch? Start Here
Trustmark is working on a cup without handle with a 40.73 buy point. See if it can break out in heavy trade.
In terms of fundamentals, Trustmark has posted three quarters of increasing earnings growth. Sales growth has also moved higher over the same time frame.
The company earns the No. 16 rank among its peers in the Banks-Southeast industry group. USCB Financial Holdings, First Community and Community Trust Bancorp are among the top 5 highly rated stocks within the group.
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!
