When considering what names to put on your watch list, focus on stocks with an 80 or higher RS Rating. ZIM Integrated Shipping stock now meets that criteria, with an increase from 62 to 82 Tuesday.
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IBD's unique RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matches up against that of all other stocks.
Over 100 years of market history reveals that the market's biggest winners tend to have an 80 or better RS Rating as they launch their biggest price moves.
Is ZIM Integrated Shipping Stock A Buy?
ZIM Integrated Shipping stock recently reclaimed its 50-day moving average. While the transportation stock is not near an ideal entry right now, see if it manages to form and break out of a proper base.
Earnings growth rose last quarter from 0% to 227%. But revenue gains fell from 80% to 28%.
ZIM Integrated Shipping stock holds the No. 3 rank among its peers in the Transportation-Ship industry group. Cap Clean Energy Carriers is the No. 1-ranked stock within the group.
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