Genesee & Wyoming ( GWR ) had its Relative Strength ( RS ) Rating upgraded from 67 to 74 Thursday -- a welcome improvement, but still short of the 80 or higher score you prefer to see.
[ibd-display-video id=2385970 width=50 float=left autostart=true] This proprietary rating tracks market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks tend to have an 80 or better RS Rating as they launch their biggest price moves. See if Genesee & Wyoming can continue to show renewed price strength and hit that benchmark.
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Genesee & Wyoming is now considered extended and out of buy range after clearing a 74.34 buy point in a first-stage saucer with handle . 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.
Genesee & Wyoming posted -1% earnings growth in its most recent report. Sales increased 15%.
Genesee & Wyoming earns the No. 7 rank among its peers in the Transportation-Rail industry group. Union Pacific ( UNP ), Canadian Pacific Railway ( CP ) and Norfolk Southern ( NSC ) 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.
