United Airlines saw a welcome improvement to its Relative Strength (RS) Rating on Friday, with an upgrade from 78 to 85.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the market's biggest winners tend to have an RS Rating of above 80 as they launch their biggest runs.
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 moving average.
The company reported 0% EPS growth last quarter. Revenue rose 5%.
United Airlines earns the No. 5 rank among its peers in the Transportation-Airline industry group. Ryanair Holdings ADR 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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