Forward Air saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 87 to 92.
How To Use Stock Charts To Stay Profitable And Protected
IBD's unique rating identifies share price action with a 1 (worst) to 99 (best) score. The grade 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 top-performing stocks tend to have an 80 or better RS Rating as they begin their biggest runs.
While it's not currently an ideal time to jump in, see if the stock manages to offer and clear a proper buy point.
The company reported 0% earnings growth in its most recent report, while sales growth came in at 13%. Keep an eye out for the company's next round of numbers on or around Jul. 31.
Forward Air holds the No. 3 rank among its peers in the Transportation-Truck industry group. Knight-Swift Transport 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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