SPCE Stock – Virgin Galactic Holdings Meets 80-Plus Relative Strength Rating Benchmark
On Monday, Virgin Galactic Holdings (SPCE) earned a positive adjustment to its Relative Strength (RS) Rating, from 80 to 85.
When you’re researching the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor’s Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price performance over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks typically have an 80 or higher RS Rating in the early stages of their moves.
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While the stock is not near a proper buying range right now, see if it manages to form and break out of a proper consolidation.
In terms of fundamentals, the company has posted four quarters of rising earnings growth. Revenue growth has been less impressive, coming in at -100% last quarter.
Virgin Galactic Holdings holds the No. 25 rank among its peers in the Aerospace/Defense industry group. Aerovironment (AVAV) and Textron (TXT) are also among the group’s highest-rated stocks.
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