ZIM Integrated Shipping had its Relative Strength (RS) Rating upgraded from 71 to 89 Tuesday.
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves.
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While ZIM Integrated Shipping is not near a proper buy point right now, see if it manages to form and break out from a proper consolidation.
The company posted 0% earnings growth in its most recent report, while sales growth came in at 80%.
The company holds the No. 2 rank among its peers in the Transportation-Ship industry group. Cap Clean Energy Carriers 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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