Delta Air saw its IBD SmartSelect Composite Rating jump to 97 Thursday, up from 92 the day before.
The new rating is a sign the stock is outpacing 97% of all stocks when it comes to the most important stock-picking criteria.
Delta Air is not currently near a proper buy point, as it continues to build the right side of a cup pattern, according to a MarketSmith chart. It appears to be finding support at $37. See if the stock now forms a handle from this area, which might offer a new buying opportunity.
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The stock earns an 82 EPS Rating, meaning its recent quarterly and annual earnings growth is outpacing 82% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company reported a 573% rise in earnings for Q4. Sales growth came in at 42%, down from 53% in the prior quarter.
Delta Air earns the No. 2 rank among its peers in the Transportation-Airline industry group. Copa Holdings Cl A is the top-ranked stock within the group.
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