There are two alphabetical series here. The first series is with the first letters only: STUVW. The second series involves the remaining letters: CD, EF, GH, IJ, KL.
This series consists of a simple alphabetical order with the first two letters of all segments: B, C, D, E, F, G, H, I, J, K. The third letter of each segment is a repetition of the first letter.
The first letters are in alphabetical order with a letter skipped in between each segment: C, E, G, I, K. The second and third letters are repeated; they are also in order with a skipped letter: M, O, Q, S, U.
The second and forth letters in the series, L and A, are static. The first and third letters consist of an alphabetical order beginning with the letter E.