One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Leonardo DRS now clears that threshold, with a jump from 80 to 83 Tuesday.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the best stocks often have an 80 or higher RS Rating in the early stages of their moves.
Leonardo DRS has risen more than 5% past a 37.99 entry in a fourth-stage consolidation, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company posted 28% earnings growth in its most recent report. Sales rose 10%.
The company holds the No. 26 rank among its peers in the Aerospace/Defense industry group. GE Aerospace, Innovative Sol & Support and Karman Holdings 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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