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Virgin Galactic Holdings Stock Clears Technical Benchmark, Hitting 90-Plus RS Rating

Virgin Galactic Holdings (SPCE) had its Relative Strength (RS) Rating upgraded from 89 to 92 Monday.

The space tourism company recently said it has reopened ticket sales for future flights, and will sell single seats for $450,000 and up, offer more expensive packages for groups, and even permit passengers to buy out an entire flight.

When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength. This exclusive rating from Investor’s Business Daily tracks share price action with a 1 (worst) to 99 (best) score. The grade 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 market’s biggest winners tend to have an RS Rating of at least 80 as they launch their biggest climbs.


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Virgin Galactic Holdings stock has pulled back and trading below its 50-day moving average the past three weeks and is not currently near a potential buy zone. See if the stock goes on to build a sound pattern that could kick off a new climb. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips. Also, check out “Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks.”

 

The space tourism firm reported negative growth for both sales and earnings last quarter.

Virgin Galactic Holdings stock earns the No. 31 rank among its peers in the Aerospace/Defense industry group. Teledyne Technologies (TDY), Textron (TXT) and Rada Electronic Industries (RADA) 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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