In a welcome move, Bank OZK saw its Relative Strength Rating improve from 65 to 71 on Monday.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
This unique rating tracks technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the best-performing stocks typically have an 80 or better RS Rating in the early stages of their moves. See if Bank OZK can continue to show renewed price strength and hit that benchmark.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock manages to offer and clear an appropriate buy point.
Bank OZK saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 19% to 26%. Revenue rose from -2% to 3%. The company is expected to report its latest earnings and sales numbers on or around Apr. 22.
The company holds the No. 48 rank among its peers in the Banks-Southeast industry group. Servisfirst Bancshares and First Guaranty Bancshares are also among the group's highest-rated stocks.
