In a welcome move, Curtiss-Wright saw its Relative Strength Rating improve from 70 to 78 on Thursday.
This unique rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the market's biggest winners often have an RS Rating north of 80 as they launch their biggest climbs. See if Curtiss-Wright can continue to show renewed price strength and clear that threshold.
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Curtiss-Wright is now considered extended and out of buy range after clearing a 286.65 buy point in a second-stage flat base. 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.
Curtiss-Wright reported 3% earnings growth in the latest quarterly report, while sales growth came in at 5%.
Curtiss-Wright holds the No. 18 rank among its peers in the Aerospace/Defense industry group. Heico, Heico Cl A and Embraer ADR are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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