On Tuesday, ZIM Integrated Shipping earned a positive adjustment to its Relative Strength (RS) Rating, from 76 to 87.
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This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners tend to have an RS Rating of over 80 in the early stages of their moves.
While ZIM Integrated Shipping is not near an ideal buy point right now, see if it goes on to form and break out from a proper consolidation.
ZIM Integrated Shipping showed 0% EPS growth in the latest quarterly report. Sales rose 80%. The company is expected to report its latest results on or around May 19.
ZIM Integrated Shipping holds the No. 3 rank among its peers in the Transportation-Ship industry group. Cap Clean Energy Carriers 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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