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In a welcome move, Allegiant Travel (ALGT) saw its Relative Strength Rating improve from 70 to 75 on Monday. IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database. History shows that the best-performing stocks typically have an 80 or higher RS Rating as they launch their largest runs. See if Allegiant Travel can continue to rebound and clear that threshold. Allegiant Travel is in a buy range after clearing a 67.34 buy point in a flat base. Once a stock moves 5% or higher beyond the initial entry, it's considered extended and out of buy range. Allegiant Travel reported -31% earnings growth in the latest quarterly report, while sales growth came in at 3%. The next quarterly numbers are expected on or around Nov. 4. The company holds the No. 7 rank among its peers in the Transportation-Airline industry group. Ryanair Holdings ADR (RYAAY), Copa Holdings Cl A (CPA) and LATAM Airlines Group ADR (LTM) are among the top 5 highly rated stocks within the group. This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
