On Thursday, AeroVironment stock received an upgrade to its Relative Strength (RS) Rating, from 87 to 91.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. IBD's unique RS Rating measures technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the top-performing stocks tend to have an 80 or better RS Rating as they launch their biggest runs.
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Is AeroVironment Stock A Buy?
AeroVironment stock is now considered extended and out of buy range after clearing a 77.69 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The aerospace-defense firm's earnings growth picked up last quarter from 63% to 129%. But revenue gains fell from 32% to 14%.
AeroVironment stock earns the No. 10 rank among its peers in the Aerospace/Defense industry group. AAR, Hexcel and Heico are among the top 5 highly rated stocks within the group. For more industry news, check out "Defense And Aerospace Stocks To Watch And Industry News."
