WesBanco saw a welcome improvement to its Relative Strength (RS) Rating on Monday, with an upgrade from 68 to 75.
IBD's proprietary rating tracks price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
History reveals that the market's biggest winners typically have an 80 or better RS Rating as they begin their biggest price moves. See if WesBanco can continue to show renewed price strength and clear that threshold.
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WesBanco is building a cup without handle with a 37.36 entry. See if the stock can break out in volume at least 40% higher than normal.
In terms of fundamental health, the company has posted two quarters of increasing earnings growth. Sales growth has also increased over the same time frame.
The company holds the No. 31 rank among its peers in the Banks-Southeast industry group. USCB Financial Holdings, Hancock Whitney and SmartFinancial are among the top 5 highly rated stocks within the group.
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