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Virgin Galactic Holdings Stock Earns Relative Strength Rating Upgrade; Hits Key Threshold

Virgin Galactic Holdings (SPCE) saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 78 to 86. The space tourism firm is set to report second-quarter earnings on Thursday.




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When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD’s unique RS Rating tracks technical performance by showing how a stock’s price action over the last 52 weeks measures up against that of the other stocks in our database.

History shows that the market’s biggest winners typically have an 80 or higher RS Rating as they launch their biggest climbs.


Looking For The Best Stocks To Buy And Watch? Start Here


Virgin Galactic Holdings stock has been trading tightly along the 200-day moving average. Now is not an ideal time to jump in since it isn’t near a proper buy zone, but see if the stock goes on to offer and clear an appropriate buy point. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.

 

In terms of fundamentals, the company has posted four quarters of rising earnings growth. Revenue gains have not followed the same trajectory, coming in at -100% in the latest report. The company is expected to release its next quarterly numbers on or around Aug. 3.

Virgin Galactic Holdings stock holds the No. 31 rank among its peers in the Aerospace/Defense industry group. Textron (TXT) and Rada Electronic Industries (RADA) are also among the group’s highest-rated stocks. For more industry news, check out “Defense And Aerospace Stocks To Watch And Industry News.”

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