Skywest had its Relative Strength (RS) Rating upgraded from 77 to 84 Wednesday.
Risk Management In The Stock Market: How Much Money To Invest Now
IBD's unique RS Rating identifies technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the best-performing stocks typically have an RS Rating of at least 80 in the early stages of their moves.
Skywest is trading within a buying range after climbing above a 115.40 buy point in a cup with handle. The proper buying range extends to 5% above the initial entry. Once a stock hits that benchmark, it's best to hold off investing and wait for it to set up another buying opportunity.
Earnings growth fell in the company's most recent report from 67% to 60%, but sales rose from 18% to 19%.
The company earns the No. 2 rank among its peers in the Transportation-Airline industry group. Ryanair Holdings ADR 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.
RELATED:
Airline Industry News And Stocks To Watch
Which Stocks Are Showing Rising Relative Strength?
