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GATX Hits 80-Plus Relative Strength Rating Benchmark


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GATX ( GATX ) saw a positive improvement to its Relative Strength ( RS ) Rating on Thursday, with an increase from 80 to 83.

[ibd-display-video id=2102289 width=50 float=left autostart=true] IBD's proprietary RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.

Decades of market research shows that the top-performing stocks tend to have an 80 or better RS Rating in the early stages of their moves.

See How IBD Helps You Make More Money In Stocks

GATX is now considered extended and out of buy range after clearing a 66.40 buy point in a second-stage consolidation . 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 line.

GATX posted negative growth for both the top and bottom lines last quarter.

GATX earns the No. 10 rank among its peers in the Commercial Services-Leasing industry group. United Rentals ( URI ), Willis Lease Financial ( WLFC ) and McGrath RentCorp ( MGRC ) are among the top 5 highly rated stocks within the group.

RELATED:

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How Relative Strength Line Can Help You Judge A Stock



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.





This article appears in: Investing , Stocks
Referenced Symbols: GATX , RS , URI , WLFC , MGRC




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