Heico saw its IBD SmartSelect Composite Rating jump to 98 Friday, up from 80 the day before.
The upgrade means the stock currently tops 98% of all other stocks in terms of key performance metrics and technical strength.
Heico is currently forming a cup without handle, with a 283.60 buy point. Look for the stock to break out in volume at least 40% above average.
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The stock has a 95 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 95% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q1, the company posted 39% earnings-per-share growth. It has now posted accelerating EPS growth for five consecutive quarters. Top line growth climbed 15%, up from 8% in the prior quarter. That marks one quarter of rising revenue growth.
Heico earns the No. 3 rank among its peers in the Aerospace/Defense industry group. Heico Cl A is the top-ranked stock within the group.
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