American Airlines Group saw its IBD SmartSelect Composite Rating rise to 96 Wednesday, up from 94 the day before. It held its place at the 21-day moving average before moving back higher.
The new rating shows the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
American Airlines Group is not currently near a proper buy zone. Several airlines have been flying higher recently, as mentioned on today's IBD Live. Look for the stock to form and break out of a confirmed chart pattern while watching for volume to increase.
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One weak spot is the company's 78 EPS Rating, which tracks quarterly and annual earnings growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of A- shows heavy buying by institutional investors, such as mutual funds and pension funds, over the last 13 weeks.
In Q4, the company posted 0% EPS growth. Sales growth came in at 40%, down from 50% in the previous quarter.
American Airlines Group holds the No. 4 rank among its peers in the Transportation-Airline industry group. Delta Air is the top-ranked stock within the group.
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