Jabil saw a positive improvement to its Relative Strength (RS) Rating on Monday, rising from 77 to 85.
IBD's proprietary rating 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 holds up against all the other stocks in our database.
History shows that the best stocks tend to have an 80 or better RS Rating in the early stages of their moves.
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While the stock is not near a proper buying range right now, see if it manages to form and break out of a proper chart pattern.
While earnings growth fell in the company's most recently reported quarter from -6% to -23%, sales rose -17%, up from -18% in the prior report. Keep an eye out for the company's next round of numbers on or around Mar. 20.
The company holds the No. 6 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.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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