Innovative Solutions & Support

As of Dec. 21, 2023, five stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here’s the latest list of major overbought players in this sector. Innovative Solutions and Support, Inc. (NASDAQ: ISSC) On Dec. 20, the company posted better-than-expected quarterly results. Shahram Askarpour, Chief Executive Officer of IS&S, said, "I am pleased to report our fifth consecutive year of both top and bottom-line growth as a result of one of the best quarters in the Company’s recent history. The results include some customer-directed accelerated shipments of the acquired Honeywell products to mitigate any impacts from ...

Related tickers: ISSC, SCS, TTC, HYLN, ZIM.

EF Hutton has decided to maintain its Buy rating of Innovative Solns (NASDAQ:ISSC) and lower its price target from $14.00 to $12.00. Shares of Innovative Solns are trading up 0.13% over the last 24 hours, at $7.71 per share. A move to $12.00 would account for a 55.64% increase from the current share price. About Innovative Solns Innovative Solutions and Support Inc is a systems integrator that designs, manufactures, sells, and services air data equipment, engine display systems, standby equipment, primary flight guidance, and cockpit display systems for retrofit applications and original equipment ...Full story available on Benzinga.com

Related tickers: ISSC.