When building your watch list, focus on stocks with an 80 or higher RS Rating. Jabil just met that criteria with a new score of 86.
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IBD's unique RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matches up against that of all other stocks.
Decades of market research shows that the best-performing stocks typically have an RS Rating of above 80 in the early stages of their moves.
Jabil is now considered extended and out of buy range after clearing a 139.21 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings grew 15% last quarter, up from -23% in the prior report. Revenue also increased, from -17% to -1%.
Jabil earns the No. 4 rank among its peers in the Electronics-Contract Manufacturing industry group. Celestica is the No. 1-ranked stock 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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