One important metric to look for in a stock is an 80 or higher Relative Strength Rating. ArcBest cleared that benchmark Monday, with a jump from 77 to 82 Monday.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily tracks price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the top-performing stocks tend to have an 80 or better RS Rating as they launch their biggest climbs.
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While now is not an ideal time to invest, see if the stock goes on to establish and enter a buying range in heavy volume. Also, not that earnings is around the corner.
ARCB Earnings
The company reported negative growth for both sales and earnings last quarter. ArcBest is expected to report its next quarterly numbers on or around Oct. 27.
ArcBest holds the No. 6 rank among its peers in the Transportation-Truck industry group. Old Dominion Freight Line and Covenant Logistics are also among the group's highest-rated stocks.
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