Allegiant Travel had its Relative Strength (RS) Rating upgraded from 61 to 75 Wednesday — a welcome improvement, but still below the 80 or higher score you prefer to see.
When To Sell Stocks To Lock In Profits And Minimize Losses
This proprietary rating measures market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating in the early stages of their moves. See if Allegiant Travel can continue to show renewed price strength and hit that benchmark.
While Allegiant Travel is not near a proper entry right now, see if it is able to form and break out from a proper base.
The company showed -31% earnings growth in its most recent report, while sales growth came in at 3%.
The company earns the No. 9 rank among its peers in the Transportation-Airline industry group. Ryanair Holdings ADR, Skywest and LATAM Airlines Group ADR 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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