On Tuesday, FTAI Aviation reached an important technical milestone, with its Relative Strength (RS) Rating moving into the 80-plus percentile with an upgrade to 84, an increase from 80 the day before.
IBD's unique RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks matches up against that of all other stocks.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they begin their biggest climbs.
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While FTAI Aviation is not near a proper entry right now, see if it goes on to form and break out from a proper consolidation.
While sales growth fell last quarter from 62% to 60%, the bottom line grew 130%, up from 0% in the prior report. The next quarterly numbers are expected on or around Feb. 26.
The company holds the No. 32 rank among its peers in the Aerospace/Defense industry group. Embraer ADR, OSI Systems and EHang Holdings ADR are among the top 5 highly rated stocks within the group.
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