Embraer ADR saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, with an upgrade from 88 to 92.
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This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
History shows that the best-performing stocks tend to have an RS Rating north of 80 as they begin their largest runs.
Embraer ADR is now considered extended and out of buy range after clearing a 50.45 buy point in a fourth-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.
Earnings growth fell last quarter from 124% to 0%. But revenue gains moved higher, from 17% to 23%. Keep an eye out for the company's next round of numbers on or around Aug. 5.
The company earns the No. 34 rank among its peers in the Aerospace/Defense industry group. AAR Corp, GE Aerospace and Heico 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.
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