SAIA

Stocks Showing Improving Market Leadership: YRC Worldwide Earns 81 RS Rating

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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.

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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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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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