On Thursday, Huntington Ingalls Inds earned an upgrade to its Relative Strength (RS) Rating, from 65 to 72.
Can You Really Time The Stock Market?
IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matched up against all other stocks.
Decades of market research reveals that the best stocks typically have an RS Rating of at least 80 in the early stages of their moves. See if Huntington Ingalls Inds can continue to show renewed price strength and clear that threshold.
Huntington Ingalls Inds is in a buy zone after climbing above a 238.00 buy point in a flat base. The proper buying range extends to 5% above the initial entry. Once a stock hits that benchmark, it's best to wait for it to set up another buying opportunity..
Although earnings and sales growth came in at -2% and -3%, respectively, in the latest report, that marked acceleration for both the top and bottom lines.
The company holds the No. 35 rank among its peers in the Aerospace/Defense industry group. Espey Mfg & Elec, Heico and Heico Cl A 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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