Jabil stock saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, rising from 67 to 77.
IBD's unique rating measures price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
History shows that the best stocks often have an RS Rating of at least 80 as they launch their biggest climbs. See if Jabil stock can continue to rebound and clear that threshold.
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Is Jabil Stock A Buy?
Jabil stock is building a cup without handle with a 156.94 buy point. See if the stock can clear the breakout price in heavy volume.
While earnings growth dropped in the prior quarter from -5% to -6%, sales grew -18%, up from -20% in the previous report.
Jabil stock earns the No. 8 rank among its peers in the Electronics-Contract Manufacturing industry group. Celestica, Fabrinet and Flex Ltd are among the top 5 highly rated stocks within the group.
