When putting together your watch list, look for stocks with an 80 or higher RS Rating. Ryder System now meets that criteria, with an increase from 78 to 84 Thursday.
IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matches up against the rest of the market.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating as they begin their biggest price moves.
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Ryder System is building a flat base with a 171.78 entry. See if the stock can clear the breakout price in heavy trading.
While the company's top line growth fell last quarter from 8% to 5%, earnings-per-share grew 17%, up from -4% in the previous report.
The company earns the No. 5 rank among its peers in the Commercial Services-Leasing industry group. Willis Lease Finance is the top-ranked stock within the group.
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