One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Mercury Systems now clears that threshold, with a jump from 79 to 82 Thursday.
This exclusive rating from Investor's Business Daily measures price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the best stocks often have an 80 or better RS Rating in the early stages of their moves.
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While the stock is not near a proper buy zone right now, see if it manages to form and break out of a proper consolidation.
Earnings growth declined last quarter from 109% to 0%. But revenue moved higher, from -2% to 13%.
The company holds the No. 24 rank among its peers in the Aerospace/Defense industry group. Howmet Aerospace, M-tron Industries and OSI Systems are among the top 5 highly rated stocks within the group.
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