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Heico (HEI) had its Relative Strength (RS) Rating upgraded from 70 to 78 Wednesday — a welcome improvement, but still below the 80 or better score you look for. IBD's unique RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks compares to other publicly traded companies. Decades of market research reveals that the top-performing stocks tend to have an RS Rating north of 80 as they begin their largest price moves. See if Heico can continue to rebound and clear that threshold. Heico is building a flat base with a 338.92 buy point. See if it can clear the breakout price in heavy volume. Earnings grew 30% last quarter, up from 27% in the prior report. Revenue also increased, from 15% to 16%. Heico earns the No. 8 rank among its peers in the Aerospace/Defense industry group. GE Aerospace (GE), Karman Holdings (KRMN) and Howmet Aerospace (HWM) are among the top 5 highly rated stocks within the group. This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
