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IBD Rating Upgrades: Synovus Financial Flashes Improved Technical Strength

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Synovus Financial ( SNV ) had its Relative Strength ( RS ) Rating upgraded from 70 to 73 Thursday -- a welcome improvement, but still below the 80 or better score you prefer to see.

[ibd-display-video id=2385970 width=50 float=left autostart=true] IBD's unique RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks compares to other publicly traded companies.

History reveals that the best stocks typically have an RS Rating of above 80 in the early stages of their moves. See if Synovus Financial can continue to rebound and hit that benchmark.

See How IBD Helps You Make More Money In Stocks

Synovus Financial is not currently showing a potential buy point. See if the stock goes on to build a promising consolidation that could launch a new move.

Top and bottom line growth moved higher last quarter. Earnings were up 25%, compared to 24% in the prior report. Revenue increased from 11% to 33%.

The company earns the No. 5 rank among its peers in the Banks-Southeast industry group. First Bancorp ( FBNC ) is the No. 1-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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