One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Woodward cleared that benchmark Thursday, with a jump from 66 to 83 Thursday.
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
History shows that the top-performing stocks tend to have an RS Rating north of 80 as they begin their biggest runs.
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While the stock is not near a proper buying range right now, see if it manages to form and break out from a proper chart pattern.
The company reported negative growth for both sales and earnings last quarter. The company is expected to release its next quarterly numbers on or around May 5.
The company earns the No. 27 rank among its peers in the Aerospace/Defense industry group. Elbit Systems, Heico and Heico Cl A 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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