Air Lease stock saw a positive improvement to its Relative Strength (RS) Rating on Thursday, with an increase from 69 to 73.
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves. See if Air Lease stock can continue to rebound and clear that threshold.
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Is Air Lease Stock A Buy?
Air Lease stock is trying to complete a cup with handle with a 50.56 entry. See if the stock can clear the breakout price in volume at least 40% above average.
The aircraft leasing company reported -18% EPS growth last quarter, while sales growth came in at 4%. Keep an eye out for the company's next round of numbers on or around Aug. 1.
Air Lease stock earns the No. 10 rank among its peers in the Commercial Services-Leasing industry group. United Rentals, Willis Lease Finance and AerCap Holdings are among the top 5 highly rated stocks within the group.
