One important metric to look for in a stock is an 80 or higher Relative Strength Rating. American Airlines Group stock just hit that mark, with a jump from 66 to 80 Friday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This unique rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matches up against the rest of the market.
Decades of market research shows that the best stocks often have an RS Rating north of 80 in the early stages of their moves.
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Is American Airlines Group Stock A Buy?
American Airlines Group has been rallying off the bottom and is trying to complete a consolidation with a 26.19 entry. See if it can clear the breakout price in volume at least 40% higher than normal.
The airliner posted 0% earnings growth in the latest quarterly report. Sales rose 50%. Look for the next report on or around Jan. 26.
American Airlines Group stock earns the No. 6 rank among its peers in the Transportation-Airline industry group. United Airlines and Delta Air are also among the group's highest-rated stocks. For more industry news, check out "Airline Industry News And Stocks To Watch."
