Ryder System saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, rising from 68 to 77.
IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matched up against all other stocks.
History shows that the best-performing stocks tend to have an RS Rating of above 80 as they begin their largest price moves. See if Ryder System can continue to rebound and hit that benchmark.
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Ryder System is building a consolidation with a 171.78 buy point. See if the stock can break out in volume at least 40% above average.
Earnings growth rose last quarter from -4% to 17%. But sales fell from 8% to 5%. Keep an eye out for the company's next round of numbers on or around Apr. 23.
The company earns the No. 5 rank among its peers in the Commercial Services-Leasing industry group. GATX is the top-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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