When putting together your watch list, look for stocks with an 80 or higher RS Rating. ZIM Integrated Shipping just cleared that benchmark with an upgrade from 79 to 82.
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IBD's proprietary RS Rating identifies market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the top-performing stocks tend to have an RS Rating north of 80 as they launch their biggest climbs.
While ZIM Integrated Shipping is not near an ideal entry right now, see if it is able to form and break out from a proper chart pattern.
Earnings growth rose last quarter from 0% to 227%, but sales fell from 80% to 28%. Look for the next report on or around Aug. 13.
The company holds the No. 2 rank among its peers in the Transportation-Ship industry group. Euroseas 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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