ServisFirst Bancshares saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, rising from 90 to 93.
IBD's proprietary RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an RS Rating of at least 80 at the beginning of a new climb.
Looking For The Best Stocks To Buy And Watch? Start Here
ServisFirst Bancshares has risen more than 5% past a 70.84 entry in a first-stage consolidation, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Taking a look at top and bottom line numbers, ServisFirst Bancshares has posted three quarters of accelerating earnings growth. Sales gains have also increased during the same period.
ServisFirst Bancshares holds the No. 8 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.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
