Bank OZK had its Relative Strength (RS) Rating upgraded from 69 to 73 Monday — a welcome improvement, but still short of the 80 or better score you prefer to see.
IBD's proprietary RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the best stocks often have an RS Rating north of 80 as they begin their largest climbs. See if Bank OZK can continue to show renewed price strength and hit that benchmark.
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Bank OZK is not currently showing a potential buy point. See if the stock goes on to form a promising consolidation that could launch a new move.
Bank OZK reported 4% earnings growth in the latest quarterly report, while sales growth came in at 1%. Keep an eye out for the company's next round of numbers on or around Apr. 17.
The company holds the No. 23 rank among its peers in the Banks-Southeast industry group. USCB Financial Holdings, Southern States Bcshs and Community Trust Bancorp are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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