On Wednesday, Southwest Airlines stock got an upgrade to its Relative Strength (RS) Rating, from 69 to 75.
This unique rating identifies technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves. See if Southwest Airlines stock can continue to rebound and clear that threshold.
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Is Southwest Airlines Stock A Buy?
Southwest Airlines stock is building a flat base with a 36.12 entry. See if the airline stock can break out in volume at least 40% higher than normal.
The low-cost airliner posted -61% earnings growth last quarter, while sales growth came in at 5%. Southwest Airlines is expected to report its latest numbers on or around Jan. 30.
Southwest Airlines stock holds the No. 15 rank among its peers in the Transportation-Airline industry group. Skywest, United Airlines and Delta Air Lines are among the top 5 highly rated stocks within the group. For more industry news, check out "Airline Industry News And Stocks To Watch."
