CAE Stock Shows Market Leadership With Jump To 82 RS Rating

Blockhead
2024-11-22

On Thursday, CAE (CAE) stock earned an upgrade to its Relative Strength (RS) Rating, from 78 to 82.

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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 trailing 52 weeks holds up against all the other stocks in our database.

History reveals that the best stocks often have an RS Rating north of 80 as they launch their biggest runs.


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Is CAE stock A Buy?

CAE stock has been rallying in the last two weeks. The defense and security stock is trying to complete a cup without handle with a 25.04 buy point. See if the stock can break out in volume at least 40% higher than normal.

Earnings grew -8% last quarter, up from -13% in the prior report. Revenue also increased, from 6% to 8%.

CAE stock earns the No. 32 rank among its peers in the Aerospace/Defense industry group. Howmet Aerospace (HWM), Heico Corp (HEI) and Heico Cl A (HEIA) are among the top 5 highly rated stocks within the group. For more industry news, check out "Defense And Aerospace Stocks To Watch And Industry News."

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