Air Lease had its Relative Strength (RS) Rating upgraded from 78 to 82 Wednesday.
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IBD's proprietary RS Rating identifies technical performance by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
History shows that the best stocks typically have an RS Rating of at least 80 in the early stages of their moves.
Air Lease is building a flat base with a 60.41 buy point. See if the stock can break out in volume at least 40% higher than normal.
While the company's top line growth fell last quarter from 11% to 10%, the bottom line grew 311%, up from 275% in the previous report.
The company holds the No. 1 rank among its peers in the Commercial Services-Leasing industry group. United Rentals and McGrath RentCorp are also among the group's highest-rated stocks.
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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