On Tuesday, Forward Air cleared a key performance benchmark, with its Relative Strength (RS) Rating jumping into the 80-plus percentile with an improvement to 83, up from 79 the day before.
Hone Your Stock-Picking Skills By Focusing On These Factors
This exclusive rating from Investor's Business Daily identifies share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 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 RS Rating of above 80 in the early stages of their moves.
While the stock is not near a proper entry right now, see if it manages to form and break out from a proper chart pattern.
The company showed 0% EPS growth in its most recent report. Revenue rose 13%. The company is expected to report its latest results on or around Aug. 11.
Forward Air earns 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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