In a welcome move, Allegiant Travel saw its Relative Strength Rating improve from 70 to 78 on Thursday.
IBD's proprietary rating identifies share price performance 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 typically have an RS Rating north of 80 in the early stages of their moves. See if Allegiant Travel can continue to rebound and hit that benchmark.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to establish and enter a buying range in heavy trade.
Earnings grew 1,809% last quarter, up from 0% in the prior report. Revenue also increased, from -1% to 3%.
Allegiant Travel holds the No. 7 rank among its peers in the Transportation-Airline industry group. Alaska Air Group, Sun Country Airlines and Copa Holdings Cl A are among the top 5 highly rated stocks 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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