When putting together your watch list, look for stocks with an 80 or higher RS Rating. Delta Air Lines just met that criteria with a new score of 84.
Risk Management In The Stock Market: How Much Money To Invest Now
IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks matches up against the rest of the market.
History reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they begin their biggest runs.
Delta Air Lines has risen more than 5% past a 52.45 entry in a second-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Delta Air Lines showed -11% earnings growth in its most recent report, while sales growth came in at 0%.
The company holds the No. 6 rank among its peers in the Transportation-Airline industry group. Skywest, Ryanair Holdings ADR 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.
RELATED:
Airline Industry News And Stocks To Watch
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
