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IBD Rating Upgrades: BancorpSouth Shows Improved Price Strength

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BancorpSouth ( BXS ) had its Relative Strength ( RS ) Rating upgraded from 67 to 72 Friday -- a welcome improvement, but still shy of the 80 or higher score you look for.

[ibd-display-video id=2385970 width=50 float=left autostart=true] IBD's proprietary rating identifies share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.

Decades of market research shows that the best stocks tend to have an 80 or better RS Rating as they launch their largest climbs. See if BancorpSouth can continue to rebound and hit that benchmark.

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BancorpSouth is trying to complete a flat base with a 32.80 buy point . See if the stock can clear the breakout price in volume at least 40% higher than normal.

The company reported 8% earnings growth in the latest quarterly report. Revenue gains came in at 3%.

The company holds the No. 33 rank among its peers in the Banks-Southeast industry group. Entegra Financial ( ENFC ), First Bancorp ( FBNC ) and Servisfirst Bancshares ( SFBS ) 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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