On Friday, Southwest Airlines reached an important performance benchmark, with its Relative Strength (RS) Rating rising into the 80-plus percentile with an improvement to 87, an increase from 77 the day before.
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This exclusive rating from Investor's Business Daily measures price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the market's biggest winners typically have an RS Rating north of 80 as they begin their biggest runs.
Southwest Airlines is still within a buy range after moving past a 36.12 entry in a consolidation. 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.
The company posted 0% EPS growth in the latest quarterly report, while sales growth came in at 2%. The next quarterly results are expected on or around Jul. 24.
The company holds the No. 9 rank among its peers in the Transportation-Airline industry group. Skywest, Ryanair Holdings ADR and Copa Holdings Cl A are among the top 5 highly rated stocks 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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