Matson saw a positive improvement to its Relative Strength (RS) Rating on Monday, with an increase from 70 to 73.
This proprietary rating identifies market leadership 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 shows that the market's biggest winners typically have an RS Rating of above 80 in the early stages of their moves. See if Matson can continue to show renewed price strength and clear that threshold.
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Matson is now considered extended and out of buy range after clearing a 122.99 buy point in a second-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Taking a look at revenue and profit performance, the company has posted rising EPS growth in each of the last six reports. Sales growth has also increased over the same time frame. The company is expected to report its next quarterly numbers on or around Feb. 25.
The company holds the No. 1 rank among its peers in the Transportation-Ship industry group. ZIM Integrated Shipping and Danaos are also among the group's highest-rated stocks.
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