[ibd-display-video id=2368044 width=50 float=left autostart=true] This unique rating identifies market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the top-performing stocks often have an RS Rating of at least 80 in the early stages of their moves. See if Hexcel can continue to show renewed price strength and hit that benchmark.
Hexcel broke out earlier, but has fallen back below the prior 64.03 entry from a flat base . In the scenario where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new pattern to form. Also understand that the latest consolidation is a later-stage base, and those involve more risk.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -4% to 9%. Revenue rose from -6% to -2%. Keep an eye out for the company's next round of numbers on or around Jan. 25.
The company holds the No. 18 rank among its peers in the Aerospace/Defense industry group. Heico ( HEI ), Teledyne Technologies ( TDY ) and Heico (HEIA) are among the top 5 highly rated stocks within the group.