General Dynamics Stock Achieves Relative Strength Rating of 80 or higher

On Tuesday, General Dynamics (GD) received an upgrade to its Relative Strength (RS) Rating, jumping from 80 to 84. This exclusive rating from Investor’s Business Daily measures market leadership on a scale of 1 (worst) to 99 (best). The RS Rating shows how a stock’s price performance over the past 52 weeks compares to all other stocks in the database. Historical data has shown that top-performing stocks typically have an RS Rating of 80 or higher as they begin their biggest climbs.

General Dynamics stock is now considered extended and outside of the buy range after surpassing a buy point of 245.06 in a first-stage saucer with handle pattern. Investors should monitor if the aerospace stock forms a new pattern or presents a follow-on buying opportunity such as a three-weeks tight or retracement to the 50-day or 10-week line.

The Aerospace and Defense industry group, which includes General Dynamics, experienced an increase in both earnings and sales growth in the last quarter. Earnings-per-share rose from -7% to 2%, while revenue increased from 6% to 8%. The upcoming quarterly results are scheduled to be released around April 24th. General Dynamics stock holds the No. 22 rank among its peers in the Aerospace/Defense industry group, with Embraer ADR (ERJ), FTAI Aviation (FTAI), and Howmet Aerospace (HWM) being among the top 5 highly rated stocks in the group.

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