The Relative Strength (RS) Rating for FedEx jumped into a new percentile Thursday, with an increase from 80 to 83.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This proprietary rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matches up against other publicly traded companies.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 as they launch their biggest runs.
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FedEx is working on a flat base with a 235.91 entry. See if it can break out in volume at least 40% above average.
FDX Earnings
While the company's top line growth fell last quarter from -3% to -6%, EPS grew -26%, up from -34% in the prior report. Look for the next report on or around Jun. 20.
The company holds the No. 2 rank among its peers in the Transportation-Air Freight industry group. United Parcel Service B is also among the group's highest-rated stocks.
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