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Texas Capital Bancshares Shows Rising Price Performance With Jump To 81 RS Rating

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Texas Capital Bancshares ( TCBI ) had its Relative Strength ( RS ) Rating upgraded from 76 to 81 Friday.

[ibd-display-video id=2881825 width=50 float=left autostart=true] IBD's unique RS Rating identifies market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.

Decades of market research shows that the best stocks tend to have an 80 or better RS Rating in the early stages of their moves.

See How IBD Helps You Make More Money In Stocks

Texas Capital Bancshares is still inside a buy zone after moving past a 95.30 entry in a flat base . The proper buying range extends 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.

The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 24% to 29%. Revenue rose from 22% to 29%. The company is expected to report its latest results on or around Jan. 25.

The company earns the No. 5 rank among its peers in the Banks-West/Southwest industry group. Cadence Bancorp ( CADE ) 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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