United Bankshares WV saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, rising from 77 to 81.
This proprietary rating identifies market leadership by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
Decades of market research reveals that the top-performing stocks often have an RS Rating north of 80 as they begin their biggest climbs.
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United Bankshares WV has risen more than 5% past a 39.93 entry in a first-stage flat base, meaning it's now out of a proper buy range. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
While earnings growth fell last quarter from 4% to -1%, sales rose 0%, up from -3% in the prior report.
The company holds the No. 53 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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