Servisfirst Bancshares - Chart Of The Day

The Chart of the Day belongs to Servifirst Bancshares (NASDAQ:SFBS). I found the southeastern savings bank by using Barchart to sort the Russell 3000 Index stocks first for a Weighted Alpha of 50.00+ or more, then again for technical buy signals of 80% or better, then for a 50-100 Day MACD Oscillator buy signal. That filtered 3000 stocks down to 54. Since the Trend Spotter signaled a buy on 10/20 the stock gained 6.38%.

ServisFirst Bancshares Inc. is a bank holding company. Through its subsidiary, ServisFirst Bank, it provides business and personal financial services. It offers various deposit products; commercial lending products; commercial real estate loans, construction and development loans, and residential real estate loans; and consumer loans. ServisFirst Bancshares, Inc. is headquartered in Birmingham, Alabama.

The status of Barchart’s Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

100% Barchart technical buy signals

55.00+ Weighted Alpha

Trend Spotter buy signal

Above its 20, 50 and 100 day moving averages

5 new highs and up 9.42% in the last month

Relative Strength Index 68.74%

Bachart computes a technical support level at 43.62

Recently traded at 44.49 with a 50 day moving average of 39.97

Fundamental factors:

Market Cap $1.15 billion

P/E 18.75