On Thursday, UMB Financial received an upgrade to its Relative Strength (RS) Rating, from 78 to 81.
IBD's proprietary RS Rating identifies market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the top-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves.
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UMB Financial has moved more than 5% past an 87.36 entry in a first-stage flat base, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
While earnings-per-share growth fell last quarter from 11% to 9%, revenue rose 17%, up from 14% in the prior report.
UMB Financial earns the No. 9 rank among its peers in the Banks-Midwest industry group. First Business Finl Svcs, Equity Bancshares and First Financial Indiana are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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