On Monday, ZIM Integrated Shipping received a positive adjustment to its Relative Strength (RS) Rating, from 88 to 94.
IBD's proprietary RS Rating tracks technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains typically have an RS Rating of above 80 as they begin their largest price moves.
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While the stock is not near an ideal buying range right now, see if it goes on to form and break out of a proper chart pattern.
The company showed 0% EPS growth last quarter. Sales gains came in at 80%. Keep an eye out for the company's next round of numbers on or around May 14.
ZIM Integrated Shipping earns the No. 1 rank among its peers in the Transportation-Ship industry group. Cadeler ADR and Euroseas are also among the group's highest-rated stocks.
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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