Banking

South State Shows Rising Relative Strength; Still Shy Of Key Threshold

In a welcome move, South State (SSB) saw its Relative Strength Rating improve from 68 to 72 on Friday.




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When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This exclusive rating from Investor’s Business Daily measures price movement with a 1 (worst) to 99 (best) score. The score shows how a stock’s price performance over the last 52 weeks holds up against all the other stocks in our database.

History reveals that the market’s biggest winners often have an 80 or better RS Rating in the early stages of their moves. See if South State can continue to rebound and clear that threshold.


See How IBD Helps You Make More Money In Stocks


While South State is not near a proper entry right now, see if it is able to form and break out of a proper chart pattern.

While revenue growth fell last quarter from 109% to 95%, EPS grew 165%, up from -3% in the previous report. Keep an eye out for the company’s next round of numbers on or around Jul. 30.

The company earns the No. 42 rank among its peers in the Banks-Southeast industry group. Capstar Financial (CSTR) and Origin Bancorp (OBNK) are also among the group’s highest-rated stocks.

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