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General Dynamics (GD) saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, with an upgrade from 78 to 88.
X When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This proprietary rating tracks technical performance by showing how a stock’s price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the best stocks tend to have an RS Rating north of 80 as they begin their biggest price moves.
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General Dynamics is trying to complete a saucer with handle with a 245.06 buy point. See if it can break out in heavy trade.
The company showed -7% earnings growth in its most recent report, while sales growth came in at 6%.
General Dynamics holds the No. 19 rank among its peers in the Aerospace/Defense industry group. Woodward (WWD) and AAR Corp (AIR) are also among the group’s highest-rated stocks.
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