General Dynamics Stock Hits 80-Plus Relative Strength Rating Milestone

Upgrading the Relative Strength of General Dynamics Stock: What it Means for Investors and Other Top-Rated Aerospace Stocks

On Tuesday, the Relative Strength (RS) Rating of General Dynamics (GD) stock was upgraded from 80 to 84. The RS Rating measures market leadership on a scale from 1 to 99 and compares a stock’s price performance over the past 52 weeks to other stocks in the database. This indicates that top-performing stocks typically have an RS Rating of 80 or higher as they start significant climbs.

Despite this upgrade, General Dynamics stock is currently considered extended and out of buy range after surpassing a 245.06 buy point in a first-stage saucer with handle. Investors should monitor if the aerospace stock forms a new pattern or presents another buying opportunity such as a three-weeks tight consolidation or a pullback to the 50-day or 10-week line.

In the last quarter, General Dynamics saw growth in both earnings and sales. Earnings-per-share increased from -7% to 2%, while revenue rose from 6% to 8%. The company is expected to report its next quarterly results around April 24. Within the Aerospace/Defense industry group, General Dynamics stock ranks 22nd among its peers.

Other top-rated stocks in the Aerospace/Defense industry group include Embraer ADR (ERJ), FTAI Aviation (FTAI), and Howmet Aerospace (HWM). Investors can utilize MarketSmith’s tools for individual investor analysis, IBD Live for daily stock market insights, SwingTrader for short-term trend profits, and IBD’s Growth Stocks tool for researching top-performing stocks with ease.

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