On Thursday, Heico received an upgrade to its Relative Strength (RS) Rating, from 87 to 91.
Here Are 3 Keys For Successful Stock Investing
IBD's proprietary RS Rating measures technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the best-performing stocks typically have an RS Rating north of 80 at the beginning of a new price run.
The IBD 50 stock has moved more than 5% past a 272.97 entry in a first-stage cup without handle, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
The company posted 27% EPS growth in the latest quarterly report. Revenue increased 15%.
Heico holds the No. 1 rank among its peers in the Aerospace/Defense industry group. Espey Mfg & Elec and Heico are also among the group's highest-rated stocks.
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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