On Monday, Southwest Airlines hit an important technical milestone, with its Relative Strength (RS) Rating climbing into the 80-plus percentile with an improvement to 81, an increase from 76 the day before.
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IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the top-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves.
Southwest Airlines is working on a double bottom with a 35.24 buy point. See if it can break out in volume at least 40% higher than normal.
The company reported 0% EPS growth in its most recent report, while sales growth came in at 2%.
The company earns the No. 6 rank among its peers in the Transportation-Airline industry group. Ryanair Holdings ADR, Skywest and Alaska Air Group 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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