Jabil had its Relative Strength (RS) Rating upgraded from 66 to 71 Wednesday — a welcome improvement, but still below the 80 or higher score you prefer to see.
Can You Really Time The Stock Market?
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners often have an 80 or higher RS Rating in the early stages of their moves. See if Jabil can continue to rebound and hit that benchmark.
Jabil is not currently near a potential buy zone. See if the stock goes on to build a chart pattern that could ignite a new run.
Earnings grew 15% last quarter, up from -23% in the prior report. Revenue also increased, from -17% to -1%.
Jabil holds the No. 3 rank among its peers in the Electronics-Contract Manufacturing industry group. Celestica is the No. 1-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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