Leonardo DRS saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, rising from 86 to 92.
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
History reveals that the best-performing stocks typically have an RS Rating of above 80 as they launch their largest price moves.
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While the stock is not near an ideal buying range right now, see if it goes on to form and break out from a proper base.
Leonardo DRS showed 20% earnings growth in its most recent report, while sales growth came in at 16%.
Leonardo DRS earns the No. 9 rank among its peers in the Aerospace/Defense industry group. M-tron Industries, Heico Cl A and Heico Corp are among the top 5 highly rated stocks within the group.
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