WesBanco had its Relative Strength (RS) Rating upgraded from 80 to 83 Wednesday.
IBD's unique rating identifies price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners often have an 80 or better RS Rating in the early stages of their moves.
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WesBanco is trying to complete a cup with handle with a 37.18 buy point. See if the stock can break out in volume at least 40% above average.
In terms of fundamental health, WesBanco has posted two quarters of increasing earnings growth. Top line growth has also risen over the same time frame.
WesBanco holds the No. 15 rank among its peers in the Banks-Southeast industry group. USCB Financial Holdings, First Community and Old Point Financial are among the top 5 highly rated stocks within the group.
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