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Embraer Clears Key Benchmark, Hitting 80-Plus RS Rating


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On Wednesday, Embraer ( ERJ ) hit an important technical milestone, with its Relative Strength ( RS ) Rating moving into the 80-plus percentile with an upgrade to 82, up from 76 the day before.

[ibd-display-video id=2881825 width=50 float=left autostart=true] IBD's proprietary rating measures price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.

Over 100 years of market history shows that the top-performing stocks often have an RS Rating of at least 80 in the early stages of their moves.

See How IBD Helps You Make More Money In Stocks

Embraer is within a buy zone after breaking past a 25.05 entry in a consolidation . Once a stock moves 5% or higher beyond the original entry, it's considered out of buy range.

The company reported 95% earnings growth last quarter. Revenue increased -13%.

Embraer earns the No. 18 rank among its peers in the Aerospace/Defense industry group. Teledyne Technologies ( TDY ), Heico ( HEI ) 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: ERJ , RS , TDY , HEI , MRCY


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