When putting together your watch list, focus on stocks with an 80 or higher RS Rating. Delta Airlines (DAL) just met that criteria with a new score of 84.
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When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
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 last 52 weeks matches up against the rest of the market.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an RS Rating of above 80 as they begin their biggest price moves.
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While it’s not currently an ideal time to buy shares, see if the stock goes on to offer and clear an appropriate buy point.
Regarding top and bottom line numbers, the company has posted four quarters of increasing earnings growth. Revenue growth has also increased over the same time frame.
The company holds the No. 3 rank among its peers in the Transportation-Airline industry group. United Airlines (UAL) and Delta Airlines (DAL) are also among the group’s highest-rated stocks.
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