Heico saw a welcome improvement to its Relative Strength (RS) Rating on Monday, with an increase from 67 to 71.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners often have an 80 or higher RS Rating as they begin their largest price moves. See if Heico can continue to rebound and clear that threshold.
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Heico is trying to complete a consolidation with a 139.75 entry. It us currently trading under key moving averages. See if the stock can clear the breakout price in volume at least 40% above average.
Earnings growth increased last quarter from 38% to 54%, but sales fell from 20% to 17%. The company is expected to report its latest results on or around May 27.
Heico holds the No. 8 rank among its peers in the Aerospace/Defense industry group. AAR and Rada Electronic Industries are also among the group's highest-rated stocks.
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