WesBanco had its Relative Strength (RS) Rating upgraded from 66 to 72 Friday — a welcome improvement, but still short of the 80 or higher score you prefer to see.
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the market's biggest winners often have an RS Rating north of 80 as they begin their biggest price moves. See if WesBanco can continue to show renewed price strength and clear that threshold.
How To Invest In Stocks In Both Bull And Bear Markets
WesBanco is working on a cup with handle with a 37.18 entry. See if the stock can break out in heavy volume.
In terms of fundamental health, the company has posted two quarters of rising earnings growth. Sales growth has also risen during the same period.
The company earns the No. 35 rank among its peers in the Banks-Southeast industry group. USCB Financial Holdings, Southern States Bcshs and Community Trust Bancorp 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.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
