On Friday, Skywest got a positive adjustment to its Relative Strength (RS) Rating, from 77 to 84.
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IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the top-performing stocks tend to have an 80 or higher RS Rating in the early stages of their moves.
Skywest is working on a cup without handle with a 135.57 entry. See if the stock can break out in volume at least 40% above average.
Skywest reported 67% EPS growth last quarter. Revenue gains came in at 18%. The company is expected to report its latest performance numbers on or around Jul. 24.
The company earns the No. 1 rank among its peers in the Transportation-Airline industry group. Ryanair Holdings ADR 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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