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IBD Rating Upgrades: Kirby Shows Improved Price Strength


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On Friday, Kirby ( KEX ) earned an upgrade to its Relative Strength ( RS ) Rating , from 63 to 76.

[ibd-display-video id=3105496 width=50 float=left autostart=true] This unique rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks compares to other publicly traded companies.

Decades of market research reveals that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves. See if Kirby can continue to show renewed price strength and clear that threshold.

Looking For Winning Stocks? Try This Simple Routine

Kirby is trading within a buy zone after moving past a 73.05 entry in a saucer with handle . The proper buying range is up to 5% above the initial entry. Once a stock moves above that range, it's best to wait for it to set up another buying opportunity..

The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -12% to -10%. Revenue rose from 25% to 63%.

Kirby earns the No. 6 rank among its peers in the Transportation-Ship industry group. Matson ( MATX ), Genco Shipping & Trading ( GNK ) and Star Bulk Carriers ( SBLK ) are among the top 5 highly rated stocks within the group.

RELATED:

Which Stocks Are Showing Improved Price Performance?

Why Should You Use IBD's Relative Strength Rating?

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: KEX , RS , MATX , GNK , SBLK


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