Cdn Pacific Kansas City saw a positive improvement to its Relative Strength (RS) Rating on Monday, with an upgrade from 63 to 71.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks often have an 80 or better RS Rating as they begin their biggest climbs. See if Cdn Pacific Kansas City can continue to show renewed price strength and hit that benchmark.
Cdn Pacific Kansas City broke out earlier, but has fallen back below the prior 82.53 entry from a double bottom. In the case where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new base to take shape. Also understand that the most recent pattern is a later-stage base, and such bases are more prone to failure.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 9% to 14%. Revenue rose from 3% to 8%.
The company earns the No. 2 rank among its peers in the Transportation-Rail industry group. Norfolk Southern is the No. 1-ranked stock 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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