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IBD Rating Upgrades: FCB Financial Shows Improved Technical Strength

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The Relative Strength ( RS ) Rating for FCB Financial ( FCB ) moved into a higher percentile Friday, as it got a lift from 66 to 74.

[ibd-display-video id=2368044 width=50 float=left autostart=true] IBD's unique RS Rating tracks market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.

Over 100 years of market history reveals that the market's biggest winners typically have an RS Rating north of 80 as they begin their biggest climbs. See if FCB Financial can continue to rebound and hit that benchmark.

See How IBD Helps You Make More Money In Stocks

FCB Financial is in a buy zone after breaking past a 54.20 buy point in a flat base . The proper buying range is up to 5% above the initial entry. Once a stock hits that benchmark, it's best to hold off investing and wait for it to set up another buying opportunity..

Earnings growth decreased last quarter from 38% to 17%, but sales rose from 16% to 18%. The company is expected to report its latest numbers on or around Jan. 25.

The company earns the No. 2 rank among its peers in the Banks-Southeast industry group. Synovus Financial ( SNV ) is the top-ranked stock 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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