On Thursday, Atlantic Union Bankshares reached an important performance benchmark, with its Relative Strength (RS) Rating moving into the 80-plus percentile with an improvement to 82, up from 62 the day before.
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the market's biggest winners tend to have an RS Rating of at least 80 as they launch their biggest runs.
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Atlantic Union Bankshares is trading within a buy range after breaking past a 42.50 entry in a consolidation. The proper buying range is up to 5% above the initial entry. Once a stock moves above that range, it's best to hold off investing and wait for it to set up another buying opportunity.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 4%, compared to -23% in the prior report. Revenue increased from 18% to 21%.
Atlantic Union Bankshares holds the No. 14 rank among its peers in the Banks-Southeast industry group. MetroCity Bankshares, USCB Financial Holdings and Village Bank & Trust are among the top 5 highly rated stocks within the group.
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