On Thursday, WesBanco hit an important technical benchmark, with its Relative Strength (RS) Rating entering into the 80-plus percentile with an improvement to 82, a rise from 62 the day before.
This unique rating measures technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.
Over 100 years of market history reveals that the best-performing stocks typically have an RS Rating of at least 80 in the early stages of their moves.
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WesBanco is still within a buy zone after moving past a 34.85 entry in a consolidation. Once a stock moves 5% or higher beyond the initial entry, it's considered extended and out of buy range.
Earnings grew -5% last quarter, up from -31% in the prior report. Revenue also increased, from -4% to 1%.
WesBanco holds the No. 57 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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