The Relative Strength (RS) Rating for Leonardo DRS stock jumped into a new percentile Wednesday, with a rise from 80 to 83.
Risk Management In The Stock Market: How Much Money To Invest Now
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the market's biggest winners tend to have an RS Rating north of 80 as they begin their biggest price moves.
Is Leonardo DRS Stock A Buy?
Leonardo DRS stock is trying to complete a cup without handle with a 49.31 entry. See if the defense stock can break out in heavy trading. Be aware that it's a fifth-stage base. Such later-stage patterns are more and have a higher likelihood to fail than earlier-stage consolidations.
The defense electronics company showed 28% EPS growth last quarter. Sales rose 10%. Look for the next report on or around Oct. 29.
Leonardo DRS stock holds the No. 23 rank among its peers in the Aerospace/Defense industry group. Karman Holdings, GE Aerospace and Kratos Defense & Sec are among the top 5 highly rated stocks within the group. For more industry news, check out "Defense And Aerospace Stocks To Watch And Industry News."
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