ZIM Integrated Shipping Services Stock Shows Improving Market Leadership; Earns 83 RS Rating| Investor’s Business Daily

When building your watch list, focus on stocks with an 80 or higher RS Rating. ZIM Integrated Shipping Services (ZIM) stock just met that criteria with a new score of 83.

When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD’s proprietary RS Rating measures market leadership by showing how a stock’s price movement over the last 52 weeks measures up against that of the other stocks in our database.

History shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves.

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Is ZIM Integrated Shipping Services Stock A Buy?

ZIM Integrated Shipping Services stock has been trading below its 200-day moving average. Now is not an ideal time to jump in since it isn’t near a proper buy zone, but see if the stock is able to establish and enter a buy zone in heavy trade.

The Israeli-based shipper showed 50% EPS growth in its most recent report, while sales growth came in at 44%.

ZIM Integrated Shipping Services stock earns the No. 8 rank among its peers in the Transportation-Ship industry group. Kirby (KEX) and Star Bulk Carriers (SBLK) are also among the group’s highest-rated stocks.

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