On Thursday, YRC Worldwide ( YRCW ) hit an important technical milestone, with its Relative Strength ( RS ) Rating moving into the 80-plus percentile with an improvement to 81, up from 76 the day before.
[ibd-display-video id=2385970 width=50 float=left autostart=true] IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the best-performing stocks often have an RS Rating north of 80 as they launch their biggest runs.
YRC Worldwide is now considered extended and out of buy range after clearing a 13.85 buy point in a first-stage double bottom . 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.
YRC Worldwide showed -79% EPS growth in its most recent report. Revenue gains came in at 2%.
The company earns the No. 15 rank among its peers in the Transportation-Truck industry group. Old Dominion Fght Line ( ODFL ), Forward Air ( FWRD ) and Saia ( SAIA ) are among the top 5 highly rated stocks within the group.
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