The Relative Strength (RS) Rating for Delta Air Lines climbed into a new percentile Friday, as it got a lift from 66 to 71.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary rating identifies share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks stacks up against 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 largest climbs. See if Delta Air Lines can continue to rebound and clear that threshold.
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Delta Air Lines is working on a cup with handle pattern with a 49.81 entry. See if it can break out in heavy trade.
Delta Air Lines reported 34% EPS growth last quarter, while sales growth came in at 11%. The company is expected to report its latest performance numbers on or around Jan. 11.
Delta Air Lines earns the No. 2 rank among its peers in the Transportation-Airline industry group. Copa Holdings Cl A is also among the group's highest-rated stocks.
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