The Relative Strength (RS) Rating for Renasant jumped into a new percentile Thursday, with a rise from 65 to 81.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the market's biggest winners tend to have an 80 or better RS Rating as they launch their biggest runs.
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Renasant is trading within a buy zone after moving past a 37.40 entry in a consolidation. The proper buying range extends to 5% above the initial entry. Once a stock hits that benchmark, it's best to hold off investing and wait for it to set up another buying opportunity.
Earnings grew -5% last quarter, up from -17% in the prior report. Revenue also increased, from 11% to 33%.
Renasant earns 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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