On Tuesday, First Financial Bankshares (FFIN) received a positive adjustment to its Relative Strength (RS) Rating, from 69 to 72.
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This exclusive rating from Investor’s Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock’s price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating in the early stages of their moves. See if First Financial Bankshares can continue to rebound and hit that benchmark.
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First Financial Bankshares has climbed more than 5% past a 36.55 entry in a first-stage consolidation, meaning it’s now out of a proper buy zone. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
While revenue growth fell last quarter from 19% to 17%, the bottom line grew 37%, up from 16% in the prior report.
The company holds the No. 7 rank among its peers in the Banks-West/Southwest industry group. Silvergate Cap Corp Cl A (SI) and Spirit ofTexBancshr (STXB) are also among the group’s highest-rated stocks.
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The post Stocks With Rising Relative Strength: First Financial Bankshares appeared first on Investor's Business Daily.
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Originally published at https://www.investors.com/ibd-data-stories/stocks-with-rising-relative-strength-first-financial-bankshares-3/ on .