One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Forward Air now clears that threshold, with a jump from 80 to 83 Wednesday.
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IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the best stocks tend to have an 80 or higher RS Rating as they begin their biggest runs.
Forward Air is not currently near a potential buy zone. See if the stock goes on to build a promising consolidation that could spark a new run.
Forward Air posted 0% EPS growth in the latest quarterly report. Revenue gains came in at -4%.
The company holds the No. 2 rank among its peers in the Transportation-Truck industry group. Covenant Logistics Cl A is the top-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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