United Parcel Service had its Relative Strength (RS) Rating upgraded from 70 to 77 Thursday -- a welcome improvement, but still short of the 80 or higher score you prefer to see.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary rating tracks price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the best stocks often have an RS Rating of above 80 in the early stages of their moves. See if United Parcel Service B can continue to rebound and hit that benchmark.
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United Parcel Service is building a consolidation with a 224.07 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.
The company reported 1% EPS growth last quarter, while sales growth came in at -3%. The company is expected to report its latest performance numbers on or around Apr. 25.
The company holds the No. 1 rank among its peers in the Transportation-Air Freight industry group.
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