One important metric to look for in a stock is an 80 or higher Relative Strength Rating. AerCap Holdings now clears that threshold, with a jump from 80 to 83 Wednesday.
Hone Your Stock-Picking Skills By Focusing On These Factors
This proprietary rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matches up against that of all other stocks.
Decades of market research shows that the stocks that go on to make the biggest gains often have an RS Rating of above 80 in the early stages of their moves.
AerCap Holdings is now considered extended and out of buy range after clearing a 118.07 buy point in a first-stage flat base. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
The company posted negative growth for both sales and earnings last quarter.
AerCap Holdings holds the No. 4 rank among its peers in the Commercial Services-Leasing industry group. Air Lease is the No. 1-ranked stock 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.
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