Cubic Reaches 80-Plus Relative Strength Rating Benchmark

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On Friday, Cubic ( CUB ) received an upgrade to its Relative Strength ( RS ) Rating , from 79 to 82.

[ibd-display-video id=2385970 width=50 float=left autostart=true] IBD's proprietary RS Rating tracks technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.

Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves.

See How IBD Helps You Make More Money In Stocks

Cubic has climbed more than 5% past a 52.84 entry in a first-stage cup with handle , meaning it's now out of a proper buy zone. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.

Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 268%, compared to 0% in the prior report. Revenue increased from -4% to 10%.

The company earns the No. 28 rank among its peers in the Aerospace/Defense industry group. Heico ( HEI ), Teledyne Technologies ( TDY ) and Mercury Systems ( MRCY ) 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: CUB , RS , HEI , TDY , MRCY

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