Southwest Airlines saw a welcome improvement to its Relative Strength (RS) Rating on Friday, with an increase from 78 to 81.
This exclusive rating from Investor's Business Daily tracks share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains often have an RS Rating of above 80 as they launch their biggest price moves.
Hone Your Stock-Picking Skills By Focusing On These Factors
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to establish and enter a buying range in heavy trade.
The company posted -61% EPS growth in the latest quarterly report. Revenue rose 5%.
Southwest Airlines holds the No. 9 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.
RELATED:
Airline Industry News And Stocks To Watch
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
