On Tuesday, Atlantic Union Bankshares got a positive adjustment to its Relative Strength (RS) Rating, from 78 to 81.
This proprietary rating measures market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the market's biggest winners typically have an 80 or higher RS Rating in the early stages of their moves.
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Atlantic Union Bankshares is trading within a buy zone after climbing above a 42.50 entry in a consolidation. The proper buying range extends to 5% above the initial entry. Once a stock hits that benchmark, it's best to hold off investing and wait for it to set up another buying opportunity.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 4%, compared to -23% in the prior report. Revenue increased from 18% to 21%.
Atlantic Union Bankshares earns the No. 24 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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