Western Alliance Bancorp saw a positive improvement to its Relative Strength (RS) Rating on Thursday, with an upgrade from 64 to 73.
When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength.
This unique rating tracks market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the top-performing stocks tend to have an RS Rating of above 80 in the early stages of their moves. See if Western Alliance Bancorp can continue to show renewed price strength and clear that threshold.
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While Western Alliance Bancorp is not near a proper entry right now, it is once again trying to clear the 200-day moving average. Now let's see if it manages to form and break out of a proper consolidation.
Top and bottom line growth moved higher last quarter. Earnings were up -18%, compared to -42% in the prior report. Revenue increased from -1% to 8%.
The company holds the No. 27 rank among its peers in the Banks-West/Southwest industry group. Third Coast Bancshares and Oak Valley Bancorp are also among the group's highest-rated stocks.
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