General Dynamics Stock Takes Flight with Upgraded RS Rating and Growing Earnings

General Dynamics (GD) stock received an upgrade to its Relative Strength (RS) Rating from 80 to 84 on Tuesday. 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. Top-performing stocks typically have an RS Rating of 80 or higher as they start significant climbs.

The aerospace 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 company 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.