The Relative Strength (RS) Rating for Kratos Defense & Security Solutions stock climbed into a new percentile Thursday, with a rise from 77 to 89. The stock rallied 12% Wednesday amid a successful static test of its Zeus 1 rocket motor at Aerojet Rocketdyne's Camden, Arkansas facility.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's proprietary rating identifies share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks tend to have an RS Rating of above 80 in the early stages of their moves.
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Is Kratos Defense & Security Solutions Stock A Buy?
Kratos Defense & Security Solutions has moved more than 5% past a 13.66 entry in a first-stage flat base, meaning it's now out of a proper buy range. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The defense and national security tech company posted 50% EPS growth in the latest quarterly report. Sales increased 18%.
Kratos Defense & Security Solutions stock holds the No. 10 rank among its peers in the Aerospace/Defense industry group. Hexcel and Heico Corp are also among the group's highest-rated stocks. For more industry news, check out "Defense And Aerospace Stocks To Watch And Industry News."
