On Tuesday, Home BancShares received a positive adjustment to its Relative Strength (RS) Rating, from 79 to 82.
IBD's proprietary rating tracks price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks tend to have an 80 or better RS Rating in the early stages of their moves.
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Home BancShares has moved more than 5% past a 28.99 entry in a first-stage flat base, meaning it's now out of a proper buy range. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 2% to 6%. Revenue rose from -1% to 5%.
The company holds the No. 36 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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