United Airlines had its Relative Strength (RS) Rating upgraded from 74 to 86 Monday.
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IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best stocks often have an 80 or better RS Rating as they begin 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 line.
The company reported 0% EPS growth last quarter. Revenue rose 5%.
United Airlines earns the No. 3 rank among its peers in the Transportation-Airline industry group. Southwest Airlines 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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