On Wednesday, Mercury Systems stock cleared an important performance benchmark, with its Relative Strength (RS) Rating climbing into the 80-plus percentile with an upgrade to 83, an increase from 79 the day before.
IBD's proprietary RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.
Decades of market research shows that the market's biggest winners often have an 80 or higher RS Rating in the early stages of their moves.
Looking For The Best Stocks To Buy And Watch? Start Here
Is Mercury Systems Stock A Buy?
Mercury Systems stock is working on a consolidation with a 42.72 buy point. See if the aerospace stock can clear the breakout price in heavy volume.
Mercury Systems saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 0% to 109%. Revenue rose from -21% to -2%. The company is expected to report its latest earnings and sales numbers on or around Oct. 29.
The company holds the No. 35 rank among its peers in the Aerospace/Defense industry group. GE Aerospace, Heico Corp and Heico Cl A are among the top 5 highly rated stocks within the group.
