The Relative Strength (RS) Rating for StandardAero jumped into a new percentile Friday, as it got a lift from 61 to 73.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's proprietary rating identifies price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves. See if StandardAero can continue to show renewed price strength and clear that threshold.
StandardAero broke out earlier, but has fallen back below the prior 29.99 entry from a double bottom. In the scenario where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new pattern to form. Also keep in mind that the most recent pattern is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
While revenue growth fell last quarter from 22% to 16%, earnings-per-share grew 1,800%, up from 0% in the prior report.
The company earns the No. 34 rank among its peers in the Aerospace/Defense industry group. Astronics, Leonardo DRS and Espey Mfg & Elec 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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