The Relative Strength Rating for Heico entered a new percentile Tuesday, with a rise from 78 to 81. Is Heico stock on your radar?
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matches up against the rest of the market.
Decades of market research shows that the best stocks often have an RS Rating north of 80 as they begin their biggest runs. So the 81 RS Rating for Heico stock is noteworthy.
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Is Heico Stock In Buy Range?
Heico stock is within a buy zone after moving past a 146.14 buy point in a double-bottom pattern. Once a stock moves 5% or higher beyond the original entry, it's considered out of a proper buying area.
The aerospace and electronics company showed 38% EPS growth last quarter. Revenue gains came in at 20%.
Heico stock holds the No. 4 rank among its peers in the Aerospace/Defense industry group. AAR and Teledyne Technologies are also among the group's highest-rated stocks.
