Teledyne Technologies saw a welcome improvement to its Relative Strength (RS) Rating on Friday, rising from 79 to 82.
Hone Your Stock-Picking Skills By Focusing On These Factors
This proprietary rating tracks market leadership by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
Over 100 years of market history shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves.
Teledyne Technologies is working on a consolidation with a 522.50 entry. See if it can clear the breakout price in heavy trade.
Regarding top and bottom line numbers, the company has posted three quarters of accelerating earnings growth. Revenue growth has also risen over the same time frame.
The company earns the No. 22 rank among its peers in the Aerospace/Defense industry group. Astronics, Leonardo DRS and Espey Mfg & Elec 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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