The Relative Strength (RS) Rating for Knight-Swift Transportation (KNX) rose to 72 Tuesday, up from 69. Shares of Knight-Swift stock eased fractionally to 52.72. The trucking firm’s stock on Friday rose to an all-time intraday high 54. It’s not unusual to see a pullback and that it’s a slight one on a down day for the market is a bullish indicator.
The 72 RS Rating means Knight-Swift Transportation is outperforming 72% of stocks, regardless of their industry group. It’s a good but not-yet-great score for the nation’s largest full truckload carrier, though the company continues to put up outstanding numbers.
Other Key Knight-Swift Stock Ratings
Among other key ratings, Knight-Swift stock has a 93 Composite Rating, putting it in the top 7% of stocks on a group of key metrics. IBD’s Composite Rating combines five separate proprietary ratings of fundamental and technical performance. Top growth stocks have a Composite Rating of 90 or better.
Additionally, Knight-Swift carries a 92 EPS Rating of a best-possible 99. Finally its B Accumulation/Distribution Rating, on an A+ to E scale with A+ superb and E dismal. The B rating indicates big funds are accumulating shares.
Last quarter, Knight-Swift reported a 72% jump in earnings to 98 cents per share. The prior three periods it put up EPS gains of 65%, 71% and 89%. Revenue in its most recent quarter grew 24% to $1.32 billion, a significant rise from 9% the prior quarter.
Knight-Swift stock earns the No. 7 rank among its peers in the Transportation-Truck industry group. Landstar System (LSTR) and TFI International (TFII) are also among the group’s highest-rated stocks.
Knight-Swift stock is now considered extended and out of buy range after clearing a 51.27 buy point in a second-stage flat base. See if the stock forms a new chart pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
When you’re researching the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD’s proprietary RS Rating identifies market leadership by showing how a stock’s price movement over the last 52 weeks compares to that of the other stocks in our database.
YOU MIGHT ALSO LIKE:
Business News Governmental News Finance News