The Relative Strength (RS) Rating for Woodward entered a new percentile Friday, with a rise from 75 to 81.
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This unique rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matches up against that of all other stocks.
Decades of market research shows that the best stocks tend to have an RS Rating of at least 80 as they launch their biggest runs.
Woodward is not currently offering a proper buying opportunity. See if the stock goes on to build a sound pattern that could launch a new move.
Woodward reported negative growth for both sales and earnings last quarter. Woodward is expected to report its next quarterly numbers on or around Apr. 28.
Woodward holds the No. 24 rank among its peers in the Aerospace/Defense industry group. Elbit Systems, Espey Mfg & Elec and Heico 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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