Texas capital

Stocks to watch: Texas Capital Bancshares sees RS rating rise to 87

Wednesday, Texas Capital Bancshares (TCBI) got an upgrade in its Relative Strength Rating (RS), from 78 to 87.

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

This proprietary rating identifies technical performance by showing how a stock’s price movement over the past 52 weeks compares to that of other stocks on major indices.

Decades of market research show that the best performing stocks tend to have an RS rating north of 80 when they begin their biggest ascents.

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

Earnings growth declined in the last quarter, from -48% to -55%. But revenues increased from -14% to 5%.

Texas Capital Bancshares ranks 54th among its peers in the Banks-West/Southwest industry group. Five Star Bancorp (FSBC) and LA’s Favorite Bank (PFBC) are also among the highest rated stocks in the group.


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