V2X had its Relative Strength (RS) Rating upgraded from 70 to 74 Wednesday — a welcome improvement, but still shy of the 80 or higher score you prefer to see.
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IBD's unique RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners often have an RS Rating north of 80 in the early stages of their 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 the stock can break out in heavy volume. It's a later-stage pattern, and investors should be aware that those involve more risk.
V2X showed 60% EPS growth in its most recent report. Revenue gains came in at 1%.
V2X holds the No. 33 rank among its peers in the Aerospace/Defense industry group. Karman Holdings, GE Aerospace and Kratos Defense & Sec 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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