On Wednesday, Delta Airlines (DAL) got an upgrade to its Relative Strength (RS) Rating, from 62 to 81.
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When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor’s Business Daily identifies share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price behavior over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating as they launch their biggest climbs.
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Now is not an ideal time to jump in since it isn’t near a proper buy zone, but see if the stock manages to establish and enter a buying range in heavy volume.
Although earnings and sales growth came in at -87% and -17%, respectively, in the latest report, that marked three straight quarters of improvement for earnings and three for the top line.
Delta Airlines holds the No. 15 rank among its peers in the Transportation-Airline industry group. Volaris Avia Hd (VLRS) and Alaska Air (ALK) are also among the group’s highest-rated stocks.
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