ZIM Integrated Shipping saw a positive improvement to its Relative Strength (RS) Rating on Thursday, rising from 89 to 92.
Here Are 3 Keys For Successful Stock Investing
This unique rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks matches up against the rest of the market.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains typically have an RS Rating of over 80 at the beginning of a new run.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to offer and clear a proper buy point.
ZIM Integrated Shipping posted 0% earnings growth last quarter, while sales growth came in at 80%. The next quarterly numbers are expected on or around May 14.
ZIM Integrated Shipping earns the No. 1 rank among its peers in the Transportation-Ship industry group. Euroseas and Cadeler ADR are also among the group's highest-rated stocks.
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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