V2X saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, rising from 66 to 73.
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IBD's proprietary rating tracks share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the best-performing stocks tend to have an RS Rating north of 80 as they begin their largest price moves. See if V2X can continue to rebound and clear that threshold.
V2X is trying to complete a cup with handle with a 63.74 entry. See if it can clear the breakout price in volume at least 40% above average. Note that it's a third-stage base. Such patterns can work and do sometimes launch nice runs, but they're more likely to fail than first- or second-stage consolidations.
V2X showed 60% earnings growth in its most recent report. Sales gains came in at 1%.
V2X holds the No. 31 rank among its peers in the Aerospace/Defense industry group. Karman Holdings, GE Aerospace and Tat Technologies 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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