On Wednesday, General Dynamics received an upgrade to its Relative Strength (RS) Rating, from 69 to 75.
Can You Really Time The Stock Market?
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating in the early stages of their moves. See if General Dynamics can continue to show renewed price strength and clear that threshold.
General Dynamics is still within a buying range after breaking past a 305.73 entry in a saucer with handle. Once a stock moves 5% or higher beyond the initial entry, it's considered out of buy range.
The company showed 15% EPS growth in the latest quarterly report, while sales growth came in at 9%.
The company holds the No. 20 rank among its peers in the Aerospace/Defense industry group. AAR Corp, Espey Mfg & Elec and GE Aerospace are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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