South State saw a positive improvement to its Relative Strength (RS) Rating on Thursday, rising from 78 to 81.
This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matches up against other publicly traded companies.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they launch their biggest climbs.
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While now is not an ideal time to invest, see if the stock goes on to form a chart pattern and break out.
Earnings grew 17% last quarter, up from 10% in the prior report. Revenue also increased, from -3% to 0%.
The company holds the No. 17 rank among its peers in the Banks-Southeast industry group. Village Bank & Trust, MetroCity Bankshares and First Community are among the top 5 highly rated stocks within the group.
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