In a welcome move, RTX saw its Relative Strength Rating rise from 67 to 72 on Wednesday.
IBD's unique RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks matched up against all other stocks.
Decades of market research shows that the best stocks typically have an RS Rating of at least 80 in the early stages of their moves. See if RTX can continue to rebound and hit that benchmark.
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RTX is trying to complete a flat base with a 128.70 buy point. See if it can break out in heavy trading.
Earnings grew 16% last quarter, up from 9% in the prior report. Revenue also increased, from 8% to 49%.
RTX earns the No. 24 rank among its peers in the Aerospace/Defense industry group. M-tron Industries, Howmet Aerospace and OSI Systems are among the top 5 highly rated stocks within the group.
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