Allegiant Travel had its Relative Strength (RS) Rating upgraded from 89 to 92 Monday.
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the market's biggest winners typically have an RS Rating of above 80 as they begin their largest price moves.
Here Are 3 Keys For Successful Stock Investing
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 form a chart pattern and break out.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -49% to 0%. Revenue rose from -3% to -1%.
Allegiant Travel holds the No. 6 rank among its peers in the Transportation-Airline industry group. Skywest, Alaska Air Group and United Airlines are among the top 5 highly rated stocks within the group.
RELATED:
Airline Industry News And Stocks To Watch
Which Stocks Are Showing Improved Technical Action?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
