When looking for the best stocks to buy and watch, focus on those with rising relative price strength.
One stock that fits that bill is United Airlines, which saw another welcome improvement to its Relative Strength (RS) Rating on Friday, with an upgrade from 86 to 91.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. IBD's unique 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 best stocks typically have an RS Rating of above 80 as they begin their biggest runs.
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United Airlines has risen more than 5% past a 54.05 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 21-day moving average.
UAL Earnings
While the company's top line growth fell last quarter from 51% to 17%, earnings-per-share grew 252%, up from 0% in the previous report.
United Airlines earns the No. 1 rank among its peers in the Transportation-Airline industry group. Copa Holdings Cl A and Delta Air are also among the group's highest-rated stocks.
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