Delta Airlines ( DAL ) had its Relative Strength ( RS ) Rating upgraded from 63 to 73 Friday -- a welcome improvement, but still shy of the 80 or higher score you prefer to see.
[ibd-display-video id=2102289 width=50 float=left autostart=true] IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners typically have an RS Rating of above 80 in the early stages of their moves. See if Delta Airlines can continue to rebound and hit that benchmark.
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Delta Airlines is in a buy range after moving past a 54.16 entry in a cup with handle . The proper buying range is up to 5% above the initial entry. Once a stock hits that benchmark, it's best to hold off investing and wait for it to set up another buying opportunity..
Earnings growth declined last quarter from 12% to -8%. But revenue moved higher, from 3% to 6%. The next quarterly numbers are expected on or around Jan. 12.
Delta Airlines holds the No. 7 rank among its peers in the Transportation-Airline industry group. China South Airline ( ZNH ), SkyWest ( SKYW ) and Copa ( CPA ) are among the top 5 highly rated stocks 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.
