On Tuesday, Skywest earned a positive adjustment to its Relative Strength (RS) Rating, from 67 to 72.
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IBD's unique RS Rating measures market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating in the early stages of their moves. See if Skywest can continue to rebound and clear that threshold.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to offer and clear an appropriate buy point.
Skywest showed 67% earnings growth last quarter. Revenue rose 18%.
The company earns the No. 1 rank among its peers in the Transportation-Airline industry group. Southwest Airlines 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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