General Dynamics Stock Achieves Relative Strength Rating of 80 or higher

Upgraded RS Rating for GD Stock: Is it a Buy Signal?

General Dynamics (GD) received an upgrade to its Relative Strength (RS) Rating on Tuesday, rising from 80 to 84. Investor’s Business Daily’s exclusive rating 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. However, after surpassing a buy point of 245.06 in a first-stage saucer with handle pattern, GD stock 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.

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