One important metric to look for in a stock is an 80 or higher Relative Strength Rating. RTX just hit that mark, with a jump from 67 to 81 Thursday.
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This proprietary rating tracks market leadership by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.
History shows that the market's biggest winners often have an RS Rating of above 80 as they begin their biggest runs.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to form a base and break out.
The company posted 10% earnings growth in its most recent report, while sales growth came in at 5%.
RTX earns the No. 18 rank among its peers in the Aerospace/Defense industry group. Elbit Systems, Espey Mfg & Elec and Heico are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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