Triumph Group saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, with an upgrade from 79 to 90.
This proprietary rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matches up against other publicly traded companies.
History shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 at the beginning of a new run.
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Triumph Group is now considered extended and out of buy range after clearing a 15.52 buy point in a first-stage cup with handle. 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.
Triumph Group posted 0% earnings growth in its most recent report, while sales growth came in at 1%.
Triumph Group earns the No. 31 rank among its peers in the Aerospace/Defense industry group. Heico Cl A, Howmet Aerospace and M-tron Industries are among the top 5 highly rated stocks within the group.
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