Woodward had its Relative Strength (RS) Rating upgraded from 76 to 81 Wednesday.
IBD's unique rating identifies price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the top-performing stocks often have an RS Rating north of 80 as they begin their biggest runs.
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Woodward is not currently offering a proper buying opportunity. See if the stock goes on to form a base that could spark a new run.
While EPS growth declined in the prior quarter from 19% to 6%, sales grew 10%, up from 6% in the previous report. Look for the next report on or around Feb. 3.
The company holds the No. 10 rank among its peers in the Aerospace/Defense industry group. Howmet Aerospace, Embraer ADR and M-tron Industries are among the top 5 highly rated stocks within the group.
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