• Sun. Apr 14th, 2024

Investor’s Business Daily Upgrades General Dynamics (GD) RS Rating: What You Need to Know

BySamantha Nguyen

Apr 2, 2024
General Dynamics Stock Achieves Relative Strength Rating of 80 or higher

General Dynamics (GD) stock received a favorable upgrade to its Relative Strength (RS) Rating on Tuesday, increasing 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.

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 company experienced an increase in both earnings and sales growth in the last quarter, with EPS rising from -7% to 2%, and revenue increasing from 6% to 8%. The upcoming quarterly results are scheduled for release around April 24th. General Dynamics 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 five highly rated stocks in the group.

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Overall, General Dynamics has shown strong performance lately and could continue to be an attractive investment opportunity for those who monitor its progress closely.

By Samantha Nguyen

As a content writer at newsskio.com, I weave words to craft compelling narratives that captivate readers and bring stories to life. With a keen eye for detail and a passion for storytelling, I strive to create engaging and informative content that resonates with our audience. Whether I'm delving into the latest news trends or exploring unique angles on various topics, my goal is to deliver quality content that informs, entertains, and inspires. Join me on this journey as we uncover the news stories that matter most.

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