On Thursday, AeroVironment reached an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 95, up from 89 the day before.
How To Use Stock Charts To Stay Profitable And Protected
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the top-performing stocks often have an RS Rating north of 80 as they begin their biggest price moves.
AeroVironment is now considered extended and out of buy range after clearing a 211.44 buy point in a third-stage cup with handle. 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 moving average.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 274%, compared to -52% in the prior report. Revenue increased from -10% to 40%.
The company holds the No. 6 rank among its peers in the Aerospace/Defense industry group. Espey Mfg & Elec, Heico and Heico Cl A 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.
RELATED:
Defense And Aerospace Stocks To Watch And Industry News
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
