When making your watchlist, look for stocks with an RS score of 80 or higher. ZIM Integ Shipping Svcs (ZIM) just cleared that benchmark with an 80 to 86 update.
X
When you’re researching the best stocks to buy and watch, keep an eye on relative price strength.
This Investor’s Business Daily exclusive rating identifies stock price movement on a scale of 1 (worst) to 99 (best). The rating shows how a stock’s price performance over the past 52 weeks compares to the rest of the stocks in our database.
Over 100 years of market history reveals that the best stocks typically have an RS rating of 80 or higher when they begin their biggest price moves.
See how IBD helps you make more money in stocks
ZIM Integrated Shipping is working on the right side of a double bottom pattern with a buy point of 69.49. See if the stock can clear the breakout price in heavy trading. Note that it is a third stage base. Later stage patterns can work, but have a higher failure rate because by this time the stock has already made a significant move up.
Earnings news
The company showed earnings growth of 50% in its most recent report, while sales growth was 44%.
The company is ranked #10 among its peers in the shipping industry group. Kirby (COOKIES) and Star Bulk Carriers (SBLK) are also among the group’s most highly valued stocks.
IBD Newsletters
Get exclusive IBD analysis and helpful news daily.
REGISTER NOW!
IBD Newsletters
Get exclusive IBD analysis and helpful news daily.
Financial advisors update
How to Invest
Market preparation
Technical report
please enter a valid email address
Select a newsletter
you go
Receive these newsletters in your inbox and more information about our products and services. Privacy Policy and Terms of Use
x
Thanks!
You will now receive IBD newsletters
ALL DONE!
Something has gone wrong!
Please contact customer service
CLOSE
Stocks to buy and watch: Top IPOs, large and small caps, growth stocks
YOU MAY ALSO LIKE:
Join IBD Live and learn the best chart reading and trading techniques from the pros
MarketSmith’s tools can help the individual investor
Take advantage of short-term trends with SwingTrader
Get timely buy and sell alerts with IBD classification
Find the best long-term investments with IBD’s long-term leaders
Digital IBD: Get access to subscriber-only stock lists and market analysis. In addition, he adds the weekly print edition for your weekend preparation.
[ad_2]
Source link
