On Thursday, Mercury Systems hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 93, up from 89 the day before.
This proprietary rating tracks technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history shows that the best stocks often have an RS Rating north of 80 as they launch their biggest runs.
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Mercury Systems is now considered extended and out of buy range after clearing a 44.63 buy point in a second-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
The company posted 0% EPS growth last quarter, while sales growth came in at 13%.
The company holds the No. 12 rank among its peers in the Aerospace/Defense industry group. Howmet Aerospace, Embraer ADR and Innovative Sol & Support are among the top 5 highly rated stocks within the group.
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