When considering what names to put on your watch list, look for stocks with an 80 or higher RS Rating. ZIM Integrated Shipping stock is one stock that just reached the mark, now earning a score of 82.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor's Business Daily measures share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the best-performing stocks typically have an RS Rating north of 80 in the early stages of their moves.
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Is ZIM Integrated Shipping Stock A Buy?
ZIM Integrated Shipping stock has been rallying off its 52-week low the last two months and recently reclaimed its 200-day moving average earlier this month. Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the shipping stock goes on to form a consolidation and break out.
The shipping company posted 0% earnings growth in the latest quarterly report. Sales rose -61%.
ZIM Integrated Shipping stock earns the No. 21 rank among its peers in the Transportation-Ship industry group. Euroseas and Global Ship Lease Cl A are also among the group's highest-rated stocks.
