Credit: Shutterstock photoWerner Enterprises ( WERN ) saw a positive improvement to its Relative Strength ( RS ) Rating on Wednesday, rising from 88 to 91.
[ibd-display-video id=2385970 width=50 float=left autostart=true] IBD's proprietary RS Rating tracks technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the best stocks typically have an RS Rating north of 80 as they begin their biggest climbs.
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Werner Enterprises has moved more than 5% past a 37.30 entry in a second-stage flat base , meaning it's now out of a proper buy zone. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
The company showed 35% earnings growth in its most recent report. Sales increased 4%. The next quarterly results are expected on or around Jan. 30.
The company earns the No. 5 rank among its peers in the Transportation-Truck industry group. Old Dominion Fght Line ( ODFL ) is the No. 1-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.
