An image of a pencil and a calculator
Markets

Werner Enterprises Clears Key Benchmark, Hitting 90-Plus RS Rating

An image of a pencil and a calculator
Shutterstock photo

Werner 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.

See How IBD Helps You Make More Money In Stocks

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.

RELATED:

Which Stocks Are Showing Rising Relative Strength?

Why Should You Use IBD's Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock

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.

In This Story

WERN RS ODFL

Other Topics

Stocks

Latest Markets Videos