In a welcome move, Air Lease stock saw its Relative Strength Rating improve from 66 to 73 on Wednesday.
This exclusive rating from Investor's Business Daily tracks price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
History shows that the market's biggest winners often have an RS Rating of at least 80 as they launch their biggest runs. See if Air Lease stock can continue to rebound and clear that threshold.
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Is Air Lease Stock A Buy?
Air Lease stock has risen more than 5% past a 42.34 entry in a first-stage cup with handle, meaning it's now out of a proper buy range. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings grew 56% last quarter, up from 22% in the prior report. Revenue also increased, from 17% to 19%.
Air Lease stock earns the No. 2 rank among its peers in the Commercial Services-Leasing industry group. United Rentals is the No. 1-ranked stock within the group.
