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Forward Air Stock Travels To Winning Relative-Strength Territory

On Tuesday, Forward Air (FWRD) reached a noteworthy technical benchmark, with its Relative Strength (RS) Rating climbing into the 80-plus percentile with an upgrade to 83, an increase from 77 the day before. This makes Forward Air stock a candidate for your watchlist.




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When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.

IBD’s proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price performance over the trailing 52 weeks stacks up against all the other stocks in our database.

History shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they launch their biggest climbs.


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Is Forward Air Stock A Buy?

Forward Air stock broke out earlier, but has fallen back below the prior 93.63 entry from a flat base. If a stock you’re tracking clears a buy point then declines 7% or more below the original entry price, it’s considered a failed base. Wait for Forward Air stock to set up and break out from a new base and entry price. Also keep in mind that the latest pattern is a later-stage base, and those involve more risk.

Earnings for the ground transportation company grew 46% last quarter, up from a 30% contraction in the prior report. Revenue growth also improved, from 10% to 19%.

Forward Air stock earns the No. 8 rank among its peers in the Transportation-Truck industry group. ArcBest (ARCB) and Saia (SAIA) are also among the group’s highest-rated stocks.

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