On Thursday, Southwest Airlines got an upgrade to its Relative Strength (RS) Rating, from 78 to 82.
IBD's proprietary RS Rating identifies market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they begin their biggest price moves.
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Southwest Airlines is trying to complete a cup with handle with a 32.20 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.
Southwest Airlines reported -61% EPS growth in the latest quarterly report. Revenue increased 5%.
The company earns the No. 8 rank among its peers in the Transportation-Airline industry group. Skywest, United Airlines and Delta Air Lines are among the top 5 highly rated stocks within the group.
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