UMB Financial Earns Technical Rating Upgrade
In a welcome move, UMB Financial saw its Relative Strength Rating rise from 67 to 71 on Wednesday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique rating identifies share price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement 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 RS Rating of over 80 in the early stages of their moves. See if UMB Financial can continue to show renewed price strength and hit that benchmark.
UMB Financial is building a consolidation with a 100.08 entry. See if it can break out in volume at least 40% higher than normal.
UMB Financial saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 0% to 35%. Revenue rose from 2% to 10%.
The company earns the No. 12 rank among its peers in the Banks-Midwest industry group. QCR Holdings and West Bancorporation are also among the group's highest-rated stocks.