Delta Airlines Clears Technical Benchmark, Hitting 80-Plus RS Rating

Delta Airlines Clears Technical Benchmark, Hitting 80-Plus RS Rating

Delta Airlines Clears Technical Benchmark, Hitting 80-Plus RS Rating

Delta Airlines (DAL) saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 77 to 81.




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When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This unique rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock’s price action over the last 52 weeks matches up against that of all other stocks.

Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an 80 or better RS Rating as they launch their biggest climbs.


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Delta Airlines is now considered extended and out of buy range after clearing a 43.86 buy point in a second-stage flat base. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.

Earnings growth fell last quarter from 0% to -248%. But revenue gains moved higher, from -76% to -65%. Look for the next report on or around Apr. 22.

The company holds the No. 11 rank among its peers in the Transportation-Airline industry group. Spirit Airlines (SAVE) and SkyWest (SKYW) are also among the group’s highest-rated stocks.

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