On Tuesday, CAE Inc reached a noteworthy performance benchmark, with its Relative Strength (RS) Rating rising into the 90-plus percentile with an upgrade to 91, up from 81 the day before.
IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matches up against all other stocks in our database.
Decades of market research reveals that the top-performing stocks often have an RS Rating north of 80 at the beginning of a new run.
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While now is not an ideal time to invest, see if the stock manages to form a consolidation and break out.
In terms of revenue and profits, the company has posted rising EPS growth over the last three quarters. Revenue growth has also risen during the same period.
CAE Inc holds the No. 18 rank among its peers in the Aerospace/Defense industry group. Embraer ADR, OSI Systems and EHang Holdings ADR are among the top 5 highly rated stocks within the group.
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