The Relative Strength (RS) Rating for United Community Banks entered a new percentile Monday, with a rise from 78 to 82.
This proprietary rating measures market leadership by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they begin their biggest climbs.
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While it's not currently an ideal time to buy shares, see if the stock is able to offer and clear a proper buy point.
In terms of top and bottom line numbers, United Community Banks has posted four quarters of accelerating earnings growth. Revenue gains have been a different story, coming in at -7% in the most recent quarterly report. United Community Banks is expected to report its next quarterly numbers on or around Jan. 21.
United Community Banks earns the No. 36 rank among its peers in the Banks-Southeast industry group. Village Bank & Trust, MetroCity Bankshares and Burke Herbert Finl Svcs are among the top 5 highly rated stocks within the group.
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