On Monday, StandardAero got an upgrade to its Relative Strength (RS) Rating, from 65 to 73.
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IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks compares to other publicly traded companies.
History shows that the stocks that go on to make the biggest gains tend to have an RS Rating of over 80 as they launch their largest climbs. See if StandardAero can continue to show renewed price strength and hit that benchmark.
StandardAero is now considered extended and out of buy range after clearing a 29.99 buy point in a first-stage double bottom. 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 line.
While revenue growth fell last quarter from 22% to 16%, the bottom line grew 1,800%, up from 0% in the previous report.
StandardAero earns the No. 34 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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