On Thursday, Ameris Bancorp hit an important technical benchmark, with its Relative Strength (RS) Rating moving into the 90-plus percentile with an upgrade to 91, up from 86 the day before.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the best stocks often have an RS Rating north of 80 in the early stages of their moves.
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Ameris Bancorp has risen more than 5% past a 62.84 entry in a second-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
The company showed 19% earnings growth last quarter. Revenue increased 5%.
Ameris Bancorp holds the No. 8 rank among its peers in the Banks-Southeast industry group. MetroCity Bankshares, USCB Financial Holdings and Village Bank & Trust are among the top 5 highly rated stocks within the group.
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