Credit: Shutterstock photoOn Monday, Heico ( HEI ) got a positive adjustment to its Relative Strength ( RS ) Rating , from 88 to 91.
[ibd-display-video id=2385970 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily measures price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the best-performing stocks often have an 80 or higher RS Rating in the early stages of their moves.
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Heico is trading within a buy zone after moving past a 93.10 entry in a flat base . Once a stock moves 5% or higher beyond the initial entry, it's considered out of a proper buying area.
While earnings growth declined in the company's most recent performance report from 18% to 8%, revenue grew 10%, up from 5% in the previous report.
The company holds the No. 4 rank among its peers in the Aerospace/Defense industry group. Teledyne Technologies ( TDY ) is the top-ranked stock 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
