On Tuesday, Atlas Air Worldwide stock hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 94, up from 86 the day before.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. This proprietary rating identifies technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners tend to have an 80 or better RS Rating in the early stages of their moves.
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Is Atlas Air Worldwide Stock A Buy?
Atlas Air Worldwide stock is trying to complete a consolidation with a 97.23 buy point. See if it can clear the breakout price in heavy trade. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The relative strength has entered new high ground, a sign the stock is outperforming the general market in terms of price performance.
The air freight forwarder company showed 22% earnings growth in the latest quarterly report. Sales rose 20%. Keep an eye out for the company's next round of numbers on or around Aug. 5.
Atlas Air Worldwide stock holds the No. 2 rank among its peers in the Transportation-Air Freight industry group. Air Transport Services is the No. 1-ranked stock within the group.
