GATX had its Relative Strength (RS) Rating upgraded from 66 to 73 Monday — a welcome improvement, but still short of the 80 or higher score you prefer to see.
How To Invest In Stocks In Both Bull And Bear Markets
IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks compares to other publicly traded companies.
Decades of market research shows that the best-performing stocks often have an RS Rating north of 80 as they launch their biggest climbs. See if GATX can continue to rebound and clear that threshold.
GATX is trying to complete a consolidation with a 168.89 entry. See if it can clear the breakout price in heavy volume.
The company showed 7% EPS growth last quarter, while sales growth came in at 11%.
The company earns the No. 3 rank among its peers in the Commercial Services-Leasing industry group. AerCap Holdings is the No. 1-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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