WesBanco had its Relative Strength (RS) Rating upgraded from 67 to 72 Thursday — a welcome improvement, but still short of the 80 or higher score you prefer to see.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's unique rating tracks share price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the market's biggest winners tend to have an 80 or better RS Rating as they begin their largest runs. See if WesBanco can continue to rebound and clear that threshold.
WesBanco is building a double bottom with a 37.18 buy point. See if it can break out in heavy trade.
While earnings-per-share growth dropped in the company's most recently reported quarter from 29% to 18%, revenue rose 34%, up from 10% in the previous report. Look for the next report on or around Jul. 29.
The company holds the No. 15 rank among its peers in the Banks-Southeast industry group. Popular Inc., Capital City Bank Group and Red River Bancshares 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.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
