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Stocks With Rising Relative Price Strength: Knight-Swift Trans

The Relative Strength (RS) Rating for Knight-Swift Trans (KNX) entered a new percentile Friday, with an increase from 80 to 83.




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When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock’s price action over the last 52 weeks matches up against other publicly traded companies.

Decades of market research shows that the best stocks often have an RS Rating north of 80 as they launch their biggest climbs.


See How IBD Helps You Make More Money In Stocks


Knight-Swift Trans has climbed more than 5% past a 54.10 entry in a second-stage flat base, meaning it’s now out of a proper buy zone. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.

Earnings-per-share growth declined in the company’s most recent report from 72% to 65%, but revenue rose from 24% to 36%.

The company earns the No. 3 rank among its peers in the Transportation-Truck industry group. Old Dominion Freight Line (ODFL) and Knight-Swift Trans (KNX) are also among the group’s highest-rated stocks.

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