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.


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