Stock Yards Bancorp had its Relative Strength (RS) Rating upgraded from 88 to 91 Wednesday.
This exclusive rating from Investor's Business Daily tracks share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the best stocks tend to have an RS Rating of above 80 as they begin their largest price moves.
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Stock Yards Bancorp is now considered extended and out of buy range after clearing a 61.40 buy point in a second-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Regarding top and bottom line numbers, the company has posted rising EPS growth over the last three quarters. Revenue growth has also moved higher during the same period.
Stock Yards Bancorp holds the No. 23 rank among its peers in the Banks-Southeast industry group. MetroCity Bankshares, Village Bank & Trust and USCB Financial Holdings are among the top 5 highly rated stocks within the group.
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