Forward Air had its Relative Strength (RS) Rating upgraded from 86 to 91 Thursday.
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IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of at least 80 at the beginning of a new climb.
While it's not currently an ideal time to buy shares, see if the stock is able to form a base and break out.
Forward Air posted 0% earnings growth in its most recent report, while sales growth came in at -4%.
The company holds the No. 1 rank among its peers in the Transportation-Truck industry group. Covenant Logistics Cl A and Knight-Swift Transport are also among the group's highest-rated stocks.
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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