On Wednesday, Jabil earned a positive adjustment to its Relative Strength (RS) Rating, from 69 to 75.
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks compares to 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 RS Rating of at least 80 in the early stages of their moves. See if Jabil can continue to show renewed price strength and clear that threshold.
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Jabil is working on a cup with handle with a 139.21 entry. See if it can clear the breakout price in volume at least 40% higher than normal.
While earnings-per-share growth decreased last quarter from -5% to -6%, revenue grew -18%, up from -20% in the prior report. The company is expected to report its latest numbers on or around Dec. 12.
Jabil holds the No. 8 rank among its peers in the Electronics-Contract Manufacturing industry group. Celestica, Flex Ltd and Fabrinet are among the top 5 highly rated stocks within the group.
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