Skywest saw a positive improvement to its Relative Strength (RS) Rating on Monday, with an increase from 68 to 76.
IBD's proprietary RS Rating measures technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the top-performing stocks often have an RS Rating of over 80 as they launch their largest price moves. See if Skywest can continue to rebound and hit that benchmark.
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While it's not currently an ideal time to jump in, see if the stock is able to offer and clear an appropriate buy point.
Top and bottom line growth moved higher last quarter. Earnings were up 457%, compared to 293% in the prior report. Revenue increased from 19% to 26%.
The company earns the No. 3 rank among its peers in the Transportation-Airline industry group. Alaska Air Group 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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