Ryder System saw a positive improvement to its Relative Strength (RS) Rating on Monday, rising from 68 to 74.
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an 80 or better RS Rating in the early stages of their moves. See if Ryder System can continue to rebound and clear that threshold.
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Ryder System is now considered extended and out of buy range after clearing a 128.85 buy point in a first-stage flat base. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings growth rose in the company's latest report from -4% to 17%, but sales fell from 8% to 5%.
The company earns the No. 6 rank among its peers in the Commercial Services-Leasing industry group. McGrath RentCorp, GATX and Willis Lease Finance are among the top 5 highly rated stocks 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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