Heico Corp (HEI)

[leftovers]

Stock is a Strong Buy.

Comment
The technical condition of the HEI is strong. The chart pattern suggests that upward momentum should continue and the stock is positioned for higher prices. Over the last 50 trading days, when compared to the S&P 500, the stock has performed in line with the market. MACD-LT, an intermediate-term trend indicator, is bullish at this time. Chart formation indicates a strong rising trend. Upside momentum, as measured by the 9-day RSI indicator is positive but is beginning to slow. Over the last 50 trading sessions, there has been more volume on up days than on down days indicating that HEI is under accumulation, which is a bullish condition. The stock is trading above a rising 50-day moving average. This validates the strong technical condition for HEI. The stock is above its 200-day moving average which is pointed up indicating that the intermediate term trend is bullish.