On Thursday, Moog Cl A reached a key performance benchmark, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 91, up from 87 the day before.
This proprietary rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matches up against the rest of the market.
Over 100 years of market history shows that the stocks that go on to make the biggest gains typically have an RS Rating of over 80 as they begin their biggest price moves.
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Moog Cl A has risen more than 5% past a 205.99 entry in a third-stage flat base, meaning it's now out of a proper buy range. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Moog Cl A showed 3% earnings growth last quarter. Sales rose 5%.
The company earns the No. 11 rank among its peers in the Aerospace/Defense industry group. Howmet Aerospace, M-tron Industries and Heico Cl A are among the top 5 highly rated stocks within the group.
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