When looking for the best stocks to buy and watch, focus on those with rising relative price strength.
One stock that fits that bill is American Airlines Group, which had its Relative Strength (RS) Rating upgraded from 77 to 81 Wednesday. Airlines in general have been showing encouraging signs recently.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating as they begin their biggest price moves.
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While the stock is not near an ideal buy point right now, see if it goes on to form and break out of a proper base. At the moment it is trying to break past key moving averages.
Earnings News
The company posted 0% EPS growth in the latest quarterly report. Sales gains came in at 40%.
American Airlines Group earns the No. 5 rank among its peers in the Transportation-Airline industry group. Copa Holdings Cl A and Delta Air are also among the group's highest-rated stocks.
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