TradingKey – Shares of AeroVironment (NASDAQ: AVAV) currently change hands at $190.89, and they have increased about 35% in the last 3-day period due to the two important events. First, AeroVironment on the last trading day of its fiscal Q4 (June 30), reported revenues of $641.6 million (up 133% Y/Y) exceeding its consensus expectations of $556 million to $559 million. Second, AeroVironment has been awarded a $500 million firm-fixed-price contract by the U.S. Army on July 3 for its Titan RF counter unmanned aerial system which will last until June 2029. Adjusted EPS of $1.84 per share surpassed estimates of $1.47 (+25%).

From a technical perspective, the RSI remains in a bullish zone, and with a reading of 60.36, this stock is not deemed…