Allegiant Travel had its Relative Strength (RS) Rating upgraded from 78 to 85 Tuesday.
This exclusive rating from Investor's Business Daily tracks share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
History 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.
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While Allegiant Travel is not near a proper buy point right now, see if it manages to form and break out of a proper consolidation.
Top and bottom line growth moved higher last quarter. Earnings were up 0%, compared to -49% in the prior report. Revenue increased from -3% to -1%.
Allegiant Travel holds the No. 7 rank among its peers in the Transportation-Airline industry group. Skywest, Alaska Air Group and United Airlines are among the top 5 highly rated stocks within the group.
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