When building your watch list, look for stocks with an 80 or higher RS Rating. Hunt JB Transportation Services is one stock that just reached the mark, now earning a score of 82.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily measures share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating in the early stages of their moves.
Looking For Winning Stocks? Try This Simple Routine
Hunt JB Transportation Services is in a buy zone after clearing a 122.39 buy point in a consolidation. The proper buying range is up to 5% above the initial entry. Once a stock hits that benchmark, it's best to wait for it to set up another buying opportunity.
While earnings growth decreased in the company's most recent quarterly report from 67% to -10%, the top line grew 9%, up from 6% in the prior report. The next quarterly numbers are expected on or around Jul. 15.
The company holds the No. 2 rank among its peers in the Transportation-Truck industry group. Saia is the top-ranked stock within the group.
