On Wednesday, Hexcel stock reached an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 93, up from 90 the day before.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength. IBD's proprietary rating measures price performance 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.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves.
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Is Hexcel Stock A Buy?
Hexcel stock is building a flat base with a 75.09 entry. See if it can break out in volume at least 40% above average. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The company posted 127% EPS growth in its most recent report. Revenue rose 17%.
Hexcel stock holds the No. 1 rank among its peers in the Aerospace/Defense industry group. Heico Cl A and Hexcel are also among the group's highest-rated stocks. For more industry news, check out "Defense And Aerospace Stocks To Watch And Industry News."
