ZIM’s integrated shipping inventory achieves RS rating improvement; Access the key threshold

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.


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.

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About the Author: Chaz Cutler

My name is Chasity. I love to follow the stock market and financial news!