United Bankshares Gets RS Rating Upgrade

In a welcome move, United Bankshares (UBSI) saw its Relative Strength Rating rise from 68 to 71 on Monday.


When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD’s proprietary rating measures share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price performance over the last 52 weeks compares to all the other stocks in our database.

History reveals that the stocks that go on to make the biggest gains often have an 80 or better RS Rating in the early stages of their moves. See if United Bankshares can continue to rebound and clear that threshold.

Looking For The Best Stocks To Buy And Watch? Start Here

United Bankshares has moved more than 5% past a 36.65 entry in a second-stage flat base, meaning it’s now out of a proper buy zone. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.

United Bankshares posted 15% earnings growth in its most recent report, while sales growth came in at 37%.

United Bankshares holds the No. 24 rank among its peers in the Banks-Southeast industry group. Capstar Financial (CSTR) and FB Financial (FBK) are also among the group’s highest-rated stocks.


Which Stocks Are Showing Rising Relative Strength?

Why Should You Use IBD’s Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock

Find Top Stocks Near A Buy Point With IBD Leaderboard

Most Related Links :
usanewswall Governmental News Finance News

Source link

Back to top button