In a welcome move, Woodward saw its Relative Strength Rating rise from 67 to 73 on Wednesday.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the top-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if Woodward can continue to show renewed price strength and hit that benchmark.
When To Sell Stocks To Lock In Profits And Minimize Losses
Woodward broke out earlier, but is now approximately 4% below the prior 188.34 entry from a consolidation. If a stock you're tracking clears a buy point then declines 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new chart pattern and buy point. Also keep in mind that the latest consolidation is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
While EPS growth dropped in the prior quarter from 19% to 6%, revenue rose 10%, up from 6% in the prior report.
The company holds the No. 16 rank among its peers in the Aerospace/Defense industry group. M-tron Industries, Heico Cl A and Howmet Aerospace are among the top 5 highly rated stocks within the group.
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