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Banking 2023-08-04: Unchanged at "Average" strength rating (5th strongest of 9 levels), previous move was up

Brian Degracia

• 1 min read
Banking 2023-08-04: Unchanged at "Average" strength rating (5th strongest of 9 levels), previous move was up
Banking for the trading week ending 2023-08-04. Foreign Regional and Money Center Banks weakened but are still stronger than the other 7 sub-industries.

Here's my previous look at Banking.

Not a lot of activity here, though as noted in Leaders and Laggards below it was an active week for stocks that fell all the way to Weakest.

The Banking regions and S&Ls have held steady for the past two weeks.

Leaders and Laggards

Current strongest and weakest stocks are shown below. These are of most interest as the downtrodden are prone to large (if perhaps temporary) pops while the strongest have been leading the charge for their sub-industries.

The sole previously-Weakest stock HWBK/Hawthorn Bancshares was joined by 7 other stocks which fell to the Weakest rating.

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