On Tuesday, General Dynamics stock received an upgrade to its Relative Strength (RS) Rating, from 80 to 84.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
History shows that the top-performing stocks tend to have an 80 or better RS Rating as they launch their biggest climbs.
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Is General Dynamics Stock A Buy?
General Dynamics stock is now considered extended and out of buy range after clearing a 245.06 buy point in a first-stage saucer with handle. See if the aerospace stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
The aerospace and defense company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -7% to 2%. Revenue rose from 6% to 8%. The next quarterly results are expected on or around Apr. 24.
General Dynamics stock holds the No. 22 rank among its peers in the Aerospace/Defense industry group. Embraer ADR, FTAI Aviation and Howmet Aerospace are among the top 5 highly rated stocks within the group.
