One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Delta Air cleared that benchmark Tuesday before the open, with a jump from 67 to 81 Tuesday. It gapped up on today's open but has fallen steadily since then, while finding support at the 50-day line. Airline stocks are falling today after JetBlue Airways (JBLU) warned that demand appears to be below expectations for the holiday season.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This unique rating tracks market leadership by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
Decades of market research reveals that the market's biggest winners often have an 80 or higher RS Rating as they begin their biggest price moves.
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While now is not an ideal time to invest, see if the stock goes on to form a base and break out. It is always best to wait for a stock pattern to form before investing.
While sales growth fell last quarter from 94% to 53%, the bottom line grew 403%, up from 0% in the previous report. The company is expected to report its latest earnings and sales numbers on or around Jan. 12.
Delta Air holds the No. 4 rank among its peers in the Transportation-Airline industry group. United Airlines and Frontier Group Holdings are also among the group's highest-rated stocks.
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