In a welcome move, Howmet Aerospace saw its Relative Strength Rating rise from 69 to 74 on Tuesday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the best stocks often have an 80 or higher RS Rating in the early stages of their moves. See if Howmet Aerospace can continue to rebound and clear that threshold.
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Howmet Aerospace is building a consolidation with a 36.13 buy point. See if it can break out in volume at least 40% above average.
Earnings grew 83% last quarter, up from -50% in the prior report. Revenue also increased, from -26% to -5%.
The company holds the No. 5 rank among its peers in the Steel-Specialty Alloys industry group. Constellium Se and Howmet Aerospace are also among the group's highest-rated stocks.
