General Dynamics Stock Achieves Relative Strength Rating of 80 or higher

General Dynamics (GD) stock received an 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 has recently surpassed its buy point of 245.06, but is now considered extended and outside of the buy range. 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 company experienced an increase in both earnings and sales growth in the last quarter, with earnings-per-share rising from -7% to 2% and revenue increasing 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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By Samantha Johnson

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