Southwest Airlines saw a positive improvement to its Relative Strength (RS) Rating on Thursday, rising from 70 to 74.
IBD's proprietary RS Rating identifies technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the market's biggest winners tend to have an 80 or better RS Rating in the early stages of their moves. See if Southwest Airlines can continue to show renewed price strength and clear that threshold.
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While Southwest Airlines is not near a proper buy zone right now, see if it is able to form and break out of a proper chart pattern.
The company reported -61% EPS growth last quarter. Revenue rose 5%.
Southwest Airlines earns the No. 11 rank among its peers in the Transportation-Airline industry group. Skywest, Alaska Air Group and Allegiant Travel are among the top 5 highly rated stocks within the group.
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