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Copa Shows Improved Relative Strength; Still Shy Of Benchmark

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The Relative Strength ( RS ) Rating for Copa ( CPA ) moved into a higher percentile Tuesday, as it got a lift from 69 to 73.

[ibd-display-video id=2368044 width=50 float=left autostart=true] This proprietary rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks matched up against all other stocks.

Decades of market research shows that the best stocks typically have an RS Rating north of 80 as they begin their largest runs. See if Copa can continue to rebound and clear that threshold.

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Copa is trying to complete a flat base with a 134.35 entry . See if the stock can clear the breakout price in volume at least 40% higher than normal. Keep in mind that it's a later-stage consolidation, and those entail more risk.

The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 46% to 190%. Revenue rose from 11% to 17%. The company is expected to report its latest performance numbers on or around Nov. 8.

Copa holds the No. 4 rank among its peers in the Transportation-Airline industry group. SkyWest ( SKYW ) is the top-ranked stock within the group.

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


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

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