Hexcel Stock Showing Market Leadership; Earns 93 RS Rating

Hexcel's Relative Strength Rating reaches 90+, meaning it is outperforming over 90% of all stocks.

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Jun 9, 2023 • 1 min read

Hexcel's (HXL), stock, reached a technical milestone on Wednesday. Its Relative Strength Rating (RS) rating improved to 93 from 90, a jump of more than 90 percentiles.

When you are trying to determine the best stocks to watch and buy, pay close attention to price relative strength. IBD's proprietary score measures price performance from 1 (worst to 99 (best). The grade compares a stock's performance over the past 52 weeks to all other stocks in IBD's database.

In the early stages, the market research shows that stocks with the highest RS Ratings are often the ones that make the largest gains.

What are the best stocks to buy and watch? Start here

Hexcel is building a flat foundation with an entry of 75.09. Check if the stock can break out with a volume that is at least 40% higher than average. You can read "Looking for the Next Big Stock Market Winners?" For more information, read "Start With These Three Steps".

In its latest report, the company reported a 127% increase in EPS. Revenue increased 17%.

Hexcel stocks is ranked No.1 among its peers in the Aerospace/Defense industry group. Hexcel stock is ranked No. 1 amongst its peers in Aerospace/Defense group. Hexcel and Heico Cl A are also amongst the highest-rated stocks in this group. Check out "Defense and Aerospace Stocks To Watch And Industry News" for more industry news.

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