In a welcome move, AAR Corp saw its Relative Strength Rating rise from 70 to 74 on Monday.
IBD's unique RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the top-performing stocks typically have an 80 or higher RS Rating in the early stages of their moves. See if AAR Corp can continue to show renewed price strength and clear that threshold.
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AAR Corp is working on a consolidation with a 76.34 buy point. See if it can break out in volume at least 40% higher than normal.
In terms of fundamentals, the company has posted two quarters of accelerating earnings growth. Sales growth has also increased during the same period.
The company earns the No. 10 rank among its peers in the Aerospace/Defense industry group. Howmet Aerospace, Embraer ADR and Elbit Systems are among the top 5 highly rated stocks within the group.
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