Forward Air stock saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 76 to 90.
This exclusive rating from Investor's Business Daily identifies share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the best stocks typically have an RS Rating north of 80 in the early stages of their moves.
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Is Forward Air Stock A Buy?
Forward Air stock has been rallying off the bottom the last three months, but still lives just under its 200-day moving average. While now is not an ideal time to invest, see if the transportation stock manages to establish and enter a buying range in heavy trade.
The trucking company showed 0% earnings growth in the latest quarterly report, while sales growth came in at 93%.
Forward Air stock earns the No. 7 rank among its peers in the Transportation-Truck industry group. Universal Logistics, TFI International and Covenant Logistics Cl A are among the top 5 highly rated stocks within the group.
