When considering what names to put on your watch list, look for stocks with an 80 or higher RS Rating. Skywest just cleared that benchmark with an upgrade from 78 to 83.
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This unique rating tracks technical performance by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
Over 100 years of market history shows that the best stocks typically have an RS Rating of at least 80 in the early stages of their moves.
While now is not an ideal time to invest, see if the stock manages to establish and enter a buy zone in heavy volume.
Skywest posted 67% EPS growth last quarter. Revenue increased 18%.
Skywest holds the No. 1 rank among its peers in the Transportation-Airline industry group. Alaska Air Group and Copa Holdings Cl A are also among the group's highest-rated stocks.
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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