Forward Air saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, rising from 79 to 86.
IBD's unique RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks matches up against that of all other stocks.
History reveals that the top-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves.
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Forward Air is trying to complete a consolidation with a 40.92 buy point. See if the stock can clear the breakout price in volume at least 40% above average.
Forward Air reported 0% EPS growth last quarter, while sales growth came in at 92%. Keep an eye out for the company's next round of numbers on or around Feb. 26.
The company earns the No. 4 rank among its peers in the Transportation-Truck industry group. Saia is the No. 1-ranked stock within the group.
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