Mercury Systems had its Relative Strength (RS) Rating upgraded from 88 to 95 Wednesday.
Here Are 3 Keys For Successful Stock Investing
IBD's unique RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks matches up against all other stocks in our database.
Decades of market research reveals that the market's biggest winners tend to have an RS Rating of above 80 at the beginning of a new price run.
Mercury Systems is now considered extended and out of buy range after clearing a 54.32 buy point in a second-stage flat base. 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.
Top and bottom line growth moved higher last quarter. Earnings were up 104%, compared to 0% in the prior report. Revenue increased from 1% to 10%.
Mercury Systems holds the No. 5 rank among its peers in the Aerospace/Defense industry group. GE Aerospace is the top-ranked stock 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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