On Tuesday, American Airlines Group got a positive adjustment to its Relative Strength (RS) Rating, from 69 to 75.
This proprietary rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks compares to other publicly traded companies.
History shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves. See if American Airlines Group can continue to rebound and clear that threshold.
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American Airlines Group is building a cup without handle with a 16.15 buy point. See if the stock can break out in volume at least 40% above average.
Earnings growth increased in the company's most recent report from -43% to -21%, but the top line fell from 2% to 1%.
The company holds the No. 13 rank among its peers in the Transportation-Airline industry group. Skywest, Alaska Air Group and Sun Country Airlines are among the top 5 highly rated stocks within the group.
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