On Monday, AerCap Holdings earned an upgrade to its Relative Strength (RS) Rating, from 69 to 74.
This unique rating identifies 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.
Decades of market research shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they begin their largest price moves. See if AerCap Holdings can continue to rebound and hit that benchmark.
When To Sell Stocks To Lock In Profits And Minimize Losses
AerCap Holdings broke out earlier, but is now around 4% below the prior 98.79 entry from a consolidation. In the case where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new base to form. Also keep in mind that the most recent pattern is a later-stage base, and those involve more risk.
While the company's bottom line growth decreased in the company's most recently reported quarter from 18% to -14%, the top line grew 3%, up from 2% in the prior report.
AerCap Holdings earns the No. 7 rank among its peers in the Commercial Services-Leasing industry group. Willis Lease Finance, Herc Holdings and United Rentals are among the top 5 highly rated stocks within the group.
RELATED:
Which Stocks Are Showing Improved Technical Action?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
