In a welcome move, V2X saw its Relative Strength Rating rise from 65 to 75 on Thursday.
Can You Really Time The Stock Market?
IBD's proprietary RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks compares to the rest of the market.
History shows that the top-performing stocks typically have an RS Rating north of 80 as they begin their largest climbs. See if V2X can continue to show renewed price strength and hit that benchmark.
While the stock is not near a proper buy zone right now, see if it manages to form and break out from a proper base.
The company posted 9% earnings growth in its most recent report, while sales growth came in at 1%.
The company earns the No. 32 rank among its peers in the Aerospace/Defense industry group. Astronics, Espey Mfg & Elec 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.
RELATED:
Defense And Aerospace Stocks To Watch And Industry News
Which Stocks Are Showing Rising Relative Strength?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
