UMB Financial had its Relative Strength (RS) Rating upgraded from 70 to 77 Monday — a welcome improvement, but still short of the 80 or higher score you look for.
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This proprietary rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an 80 or better RS Rating as they begin their biggest price moves. See if UMB Financial can continue to rebound and hit that benchmark.
UMB Financial is now considered extended and out of buy range after clearing an 87.36 buy point in a first-stage flat base. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
While earnings growth declined in the company's most recent performance report from 9% to 4%, revenue grew 41%, up from 17% in the prior report. The company is expected to report its latest results on or around Jul. 29.
UMB Financial holds the No. 14 rank among its peers in the Banks-Midwest industry group. First Financial, First Business Finl Svcs and Southern Missouri Bncp are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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