Woodward saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, rising from 70 to 74.
IBD's unique RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks compares to the rest of the market.
Over 100 years of market history shows that the top-performing stocks often have an 80 or better RS Rating as they launch their biggest runs. See if Woodward can continue to show renewed price strength and clear that threshold.
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Woodward is working on a consolidation with a 188.34 buy point. See if it can break out in volume at least 40% above average.
The company posted 19% earnings growth in its most recent report, while sales growth came in at 6%. Look for the next report on or around Nov. 25.
The company earns the No. 13 rank among its peers in the Aerospace/Defense industry group. Heico Corp, Heico Cl A and Howmet Aerospace are among the top 5 highly rated stocks within the group.
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