Skywest saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, with an upgrade from 64 to 75.
How To Invest In Stocks In Both Bull And Bear Markets
IBD's proprietary rating measures share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
History shows that the top-performing stocks tend to have an RS Rating north of 80 as they launch their biggest runs. See if Skywest can continue to show renewed price strength and hit that benchmark.
While it's not currently an ideal time to invest, see if the stock is able to form a chart pattern and break out.
Skywest reported 67% EPS growth last quarter. Revenue rose 18%.
The company earns 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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