Stocks To Watch: Aerovironment Sees Relative Strength Rating Rise To 97

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Aerovironment ( AVAV ) saw a welcome improvement to its Relative Strength ( RS ) Rating on Thursday, with an upgrade from 87 to 97.

[ibd-display-video id=2102289 width=50 float=left autostart=true] IBD's proprietary RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matches up against all other stocks in our database.

Over 100 years of market history reveals that the best-performing stocks typically have an RS Rating north of 80 as they launch their biggest runs.

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While the stock is not near an ideal buy zone right now, see if it goes on to form and break out from a proper consolidation .

The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 0% to 261%. Revenue rose from 21% to 47%.

Aerovironment earns the No. 17 rank among its peers in the Aerospace/Defense industry group. Teledyne Technologies ( TDY ), Mercury Systems ( MRCY ) and Curtiss-Wright ( CW ) are among the top 5 highly rated stocks within the group.


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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Stocks
Referenced Symbols: AVAV , RS , TDY , MRCY , CW

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