On Thursday, AeroVironment got an upgrade for its IBD SmartSelect Composite Rating from 85 to 98.
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The upgrade means the stock is now outpacing 98% of all other stocks in terms of key performance metrics and technical strength. The market's biggest winners often have a 95 or higher score in the early stages of a new price run, so that's a good starting point when looking for the best stocks to buy and watch.
AeroVironment is now out of buy range after breaking out from a 211.44 buy point in a cup with handle.
One weak spot is the company's 77 EPS Rating, which tracks quarterly and annual earnings growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of A shows heavy buying by institutional investors over the last 13 weeks.
In Q4, the company reported 274% earnings growth. Revenue growth rose 40%, up from -10% in the prior report. That marks one quarter of accelerating revenue gains.
AeroVironment earns the No. 6 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.
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