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Barchart
Wajeeh Khan

A $20 Million Reason AeroVironment Stock Is Up 26% Over the Past 5 Days

AeroVironment (AVAV) stock rallied sharply on Thursday after the federal government announced a $20.2 million investment to expand the company’s manufacturing facility in Huntsville, Alabama. That brought the stock's five-day performance to 26%.

The upward momentum helped AVAV break above its 50-day moving average (MA), indicating bullish momentum could continue in the near term.

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