On Wednesday, Woodward got a positive adjustment to its Relative Strength (RS) Rating, from 69 to 74.
This unique rating identifies market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the best stocks tend to have an 80 or higher RS Rating in the early stages of their moves. See if Woodward can continue to rebound and hit that benchmark.
When To Sell Stocks To Lock In Profits And Minimize Losses
Woodward broke out earlier, but is now around 4% below the prior 188.34 entry from a consolidation. In the case where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new pattern to form. Also understand that the most recent consolidation is a later-stage base, and those involve more risk.
Earnings growth decreased in the most recent report from 19% to 6%. But revenue moved higher, from 6% to 10%.
Woodward holds the No. 16 rank among its peers in the Aerospace/Defense industry group. M-tron Industries, Howmet Aerospace and OSI Systems are among the top 5 highly rated stocks within the group.
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