In a welcome move, Textron saw its Relative Strength Rating rise from 68 to 71 on Thursday.
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This exclusive rating from Investor's Business Daily tracks share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains often have an RS Rating of at least 80 in the early stages of their moves. See if Textron can continue to show renewed price strength and clear that threshold.
Textron has climbed more than 5% past an 81.39 entry in a first-stage flat base, meaning it's now out of a proper buy zone. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company showed 7% EPS growth in its most recent report. Sales gains came in at 5%.
Textron holds the No. 27 rank among its peers in the Aerospace/Defense industry group. AAR Corp, Espey Mfg & Elec and GE Aerospace 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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