The Relative Strength (RS) Rating for Jabil (JBL) stock climbed into a new percentile Thursday, with an increase from 73 to 85.

This exclusive rating from Investor's Business Daily tracks share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.

Over 100 years of market history shows that the top-performing stocks typically have an 80 or higher RS Rating in the early stages of their moves.

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Is Jabil Stock A Buy?

Jabil stock is still within a buying range after moving past a 139.21 buy point in a cup with handle. The proper buying range is up to 5% above the initial entry. Once a stock moves above that range, it's best to hold off investing and wait for it to set up another buying opportunity.

Earnings growth fell in the most recent report from -6% to -23%. But revenue moved higher, from -18% to -17%.

Jabil stock holds the No. 7 rank among its peers in the Electronics-Contract Manufacturing industry group. Celestica (CLS), Flex Ltd (FLEX) and Fabrinet (FN) are among the top 5 highly rated stocks within the group.

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