Jabil saw a positive improvement to its Relative Strength (RS) Rating on Thursday, with an upgrade from 77 to 81.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This unique rating identifies technical performance by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
Decades of market research reveals that the market's biggest winners tend to have an 80 or better RS Rating in the early stages of their moves.
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Jabil is trying to complete a cup without handle with a 72.21 entry so far. It still might form a handle, which might provide a perfect entry. See if the stock can break out in volume at least 40% higher than normal either from a handle or as it approaches the buy point.
Taking a look at top and bottom line numbers, Jabil has posted two quarters of increasing earnings growth. Revenue gains have also risen over the same time frame.
The company holds the No. 1 rank among its peers in the Electronics-Contract Manufacturing industry group.
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