Texas capital

Stocks to Watch: Texas Capital Bancshares Sees Relative Strength Rating Rise to 83

Texas Capital Bancshares (TCBI) saw a welcome improvement in its Relative Strength (RS) rating on Thursday, rising from 75 to 83.


When trying to find the best stocks to buy and watch, be sure to pay attention to relative price strength.

IBD’s proprietary rating tracks market leadership with a score from 1 (worst) to 99 (best). The rating shows how a stock’s price movement over the past 52 weeks compares to all other stocks in our database.

Over 100 years of market history reveals that the stocks that make the biggest gains often have an RS rating north of 80 at the start of their moves.

Looking for winning stocks? Try this simple routine

Texas Capital Bancshares climbed more than 5% after entering 39.17 in a handleless first leg cut, meaning it is now out of a proper buy zone. Look for the stock to create a new chance to enter as a three-week tight or a pullback towards the 50-day or 10-week moving average.

While earnings-per-share growth fell from -48% to -55% in the company’s latest quarterly report, revenue rose 5% from -14% in the previous report.

Texas Capital Bancshares ranks 54th among its peers in the Banks-West/Southwest industry group. Five Star Bancorp (FSBC) and Cathay General Bancorp (CATY) are also among the highest rated stocks in the group.


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