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Ameris Bancorp Shows Rising Price Performance With Jump To 81 RS Rating

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One important metric to look for in a stock is an 80 or higher Relative Strength Rating . Ameris Bancorp ( ABCB ) now clears that threshold, with a jump from 78 to 81 Thursday.

[ibd-display-video id=2102289 width=50 float=left autostart=true] This proprietary rating tracks technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.

History reveals that the top-performing stocks typically have an 80 or higher RS Rating in the early stages of their moves.

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While the stock is not near a proper buy point right now, see if it is able to form and break out from a proper base .

Earnings growth declined in the company's latest report from 2% to 0%, but the top line rose from 13% to 18%.

Ameris Bancorp earns the No. 10 rank among its peers in the Banks-Southeast industry group. Live Oak Bancshares ( LOB ), National Commerce ( NCOM ) and Southern First Bancshares ( SFST ) are among the top 5 highly rated stocks within the group.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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