The Relative Strength (RS) Rating for Delta Air Lines stock jumped into a new percentile Friday, with a rise from 69 to 81.
IBD's proprietary rating identifies share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 as they begin their biggest runs.
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Is Delta Air Lines Stock A Buy?
Delta Air Lines stock is building a cup without handle with a 53.86 buy point. See if the airline stock can break out in volume at least 40% higher than normal.
The airliner posted -12% EPS growth in its most recent report, while sales growth came in at 7%. Look for the next report on or around Oct. 10.
Delta Air Lines stock holds the No. 3 rank among its peers in the Transportation-Airline industry group. Skywest is the top-ranked stock within the group.
