IBD Rating Upgrades: Howmet Aerospace Shows Improved Technical Strength
Howmet Aerospace saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, with an upgrade from 67 to 71.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.
This proprietary rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks compares to other publicly traded companies.
Decades of market research shows that the best stocks tend to have an RS Rating north of 80 as they launch their largest climbs. See if Howmet Aerospace can continue to rebound and hit that benchmark.
Howmet Aerospace is building a consolidation with a 36.13 entry. See if it can clear the breakout price in heavy trade.
Top and bottom line growth moved higher last quarter. Earnings were up 83%, compared to -50% in the prior report. Revenue increased from -26% to -5%.
Howmet Aerospace holds the No. 7 rank among its peers in the Steel-Specialty Alloys industry group. Constellium Se and Graftech Intl are also among the group's highest-rated stocks.