In a welcome move, United Airlines saw its Relative Strength Rating rise from 68 to 73 on Friday.
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This proprietary rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks compares to other publicly traded companies.
Over 100 years of market history reveals that the best-performing stocks tend to have an 80 or better RS Rating as they begin their biggest runs. See if United Airlines can continue to rebound and hit that benchmark.
United Airlines has climbed more than 5% past a 49.67 entry in a first-stage double bottom, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
United Airlines posted 0% EPS growth last quarter, while sales growth came in at 5%.
United Airlines holds the No. 2 rank among its peers in the Transportation-Airline industry group. Skywest 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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