When putting together your watch list, look for stocks with an 80 or higher RS Rating. ZIM Integ Shipping Svcs just cleared that benchmark with an upgrade from 80 to 86.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily identifies share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best stocks tend to have an 80 or higher RS Rating as they begin their biggest price moves.
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ZIM Integrated Shipping is working on the right side of a double-bottom pattern with a 69.49 buy point. See if the stock can clear the breakout price in heavy trading. Be aware that it's a third-stage base. Later-stage patterns can work, but have a greater failure rate since, by that point, the stock has already made a significant climb.
Earnings News
The company showed 50% earnings growth in its most recent report, while sales growth came in at 44%.
The company earns the No. 10 rank among its peers in the Transportation-Ship industry group. Kirby and Star Bulk Carriers are also among the group's highest-rated stocks.
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