The Relative Strength (RS) Rating for Forward Air moved into a new percentile Tuesday, as it got a lift from 63 to 76.
This exclusive rating from Investor's Business Daily measures share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating in the early stages of their moves. See if Forward Air can continue to show renewed price strength and clear that threshold.
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Forward Air is building a consolidation with a 40.92 entry. See if it can clear the breakout price in volume at least 40% above average.
The company showed 0% earnings growth in its most recent report, while sales growth came in at 92%. The company is expected to report its latest earnings and sales numbers on or around Feb. 26.
Forward Air earns the No. 7 rank among its peers in the Transportation-Truck industry group. Universal Logistics, Saia and Covenant Logistics Cl A are among the top 5 highly rated stocks within the group.
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