Texas capital

Stocks show renewed technical strength: Texas Capital Bancshares

Wednesday, Texas Capital Bancshares (TCBI) got a positive adjustment to its Relative Strength Rating (RS), from 75 to 82.


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

IBD’s unique RS Rating measures market leadership using a score from 1 (worst) to 99 (best) that indicates how a stock’s price performance over the past 52 weeks compares to that of all the other actions.

Decades of market research reveal that the stocks that make the biggest gains typically have an RS rating above 80 at the start of their moves.

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Texas Capital Bancshares is working on a handle cup with an entry of 65.52. See if the stock can clear the breakout price in volume at least 40% higher than normal.

Earnings growth fell from -48% to -55% last quarter, but revenue fell from -14% to 5%.

The company ranks 59th among its peers in the Banks-West/Southwest industry group. Cathay General Bancorp (CATY) and Financial Hanmi (HAFC) are also among the highest rated stocks in the group.


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