Texas capital

Texas Capital Bancshares posts rising price performance with jump to 84 RS Rating

On Monday, Texas Capital Bancshares (TCBI) got an upgrade in its Relative Strength Rating (RS), from 72 to 84.


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

This proprietary rating from Investor’s Business Daily identifies market leadership with a score from 1 (worst) to 99 (best). The score shows how a stock’s price behavior over the past 52 weeks holds up against all other stocks in our database.

Over 100 years of market history reveals that the biggest winners in the market typically have an RS rating of 80 or higher at the start of their moves.

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Texas Capital Bancshares is now considered extended and out of the buy range after breaking a buy point of 39.17 in a handleless first stage cup. See if the stock is forming a new pattern or a follow-up buying opportunity like a three-week squeeze or pullback towards the 50-day or 10-week line.

Earnings per share growth fell from -48% to -55% in the company’s latest report, but revenue fell from -14% to 5%.

The company ranks 56th 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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