In a welcome move, Jabil saw its Relative Strength Rating rise from 69 to 74 on Tuesday.
IBD's proprietary rating measures share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they launch their biggest climbs. See if Jabil can continue to rebound and clear that threshold.
When To Sell Stocks To Lock In Profits And Minimize Losses
While now is not an ideal time to invest, see if the stock goes on to establish and enter a buying range in heavy volume.
Earnings grew 15% last quarter, up from -23% in the prior report. Revenue also increased, from -17% to -1%.
Jabil holds the No. 4 rank among its peers in the Electronics-Contract Manufacturing industry group. Celestica is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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