Banking

IBD Rating Upgrades: Curtiss-Wright Shows Improved Relative Price Strength

Curtiss-Wright (CW) had its Relative Strength (RS) Rating upgraded from 69 to 72 Wednesday — a welcome improvement, but still below the 80 or higher score you look for.

When you’re researching the best stocks to buy and watch, be sure to pay attention to relative price strength.

IBD’s proprietary RS Rating tracks market leadership by showing how a stock’s price movement over the last 52 weeks compares to that of the other stocks in our database.

Over 100 years of market history shows that the market’s biggest winners typically have an RS Rating of at least 80 in the early stages of their moves. See if Curtiss-Wright can continue to show renewed price strength and clear that threshold.


Looking For Winning Stocks? Try This Simple Routine


Now is not an ideal time to jump in since it isn’t near a proper buy zone, but see if the stock is able to offer and clear an appropriate buy point.

The company showed 6% EPS growth in the latest quarterly report. Sales increased 9%.

The company earns the No. 4 rank among its peers in the Aerospace/Defense industry group. Textron (TXT) and Elbit Systems (ESLT) are also among the group’s highest-rated stocks.

YOU MIGHT ALSO LIKE:

Defense And Aerospace Stocks To Watch And Industry News

Stocks With Rising Relative Strength Ratings

Why Should You Use IBD’s Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock

Identify Bases And Buy Points With Pattern Recognition From MarketSmith

Most Related Links :
Business News Governmental News Finance News

Need Your Help Today. Your $1 can change life.

[charitable_donation_form campaign_id=57167]

Source link

Back to top button