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RADA - Get Defensive By Buying RADA Electronic Industries
RADA Electronic Industries Ltd.
After first introducing RADA Electronic Industries (RADA) to readers a few months ago, selling pressure did not end yet. RADA stock dipped below $6.00 and shook out bears. When the company reported strong second-quarter results validating my bullish thesis, markets took notice. The stock is up 20% since July 13, compared to an 8.9% return from the S&P 500 (SPY). But the second-quarter growth rates suggest that the company should remain a DIY (do-it-yourself) focus pick in the foreseeable future.