On Wednesday, United Airlines reached a noteworthy performance benchmark, with its Relative Strength (RS) Rating moving into the 90-plus percentile with an upgrade to 91, an increase from 88 the day before.
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This proprietary rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks matches up against all other stocks in our database.
History reveals that the top-performing stocks tend to have an RS Rating north of 80 at the beginning of a new climb.
United Airlines is now considered extended and out of buy range after clearing a 49.67 buy point in a first-stage double bottom. 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 line.
The company showed 0% EPS growth last quarter, while sales growth came in at 5%.
The company earns the No. 4 rank among its peers in the Transportation-Airline industry group. Skywest is the top-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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