Leonardo DRS saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, rising from 89 to 92.
IBD's unique rating tracks share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the top-performing stocks often have an 80 or better RS Rating as they launch their largest climbs.
Looking For The Best Stocks To Buy And Watch? Start Here
Leonardo DRS is working on a consolidation with a 37.99 buy point. See if it can break out in volume at least 40% higher than normal. Keep in mind that it's a later-stage consolidation, and those are riskier than earlier-stage patterns.
While sales growth fell last quarter from 16% to 6%, earnings-per-share grew 23%, up from 20% in the prior report.
Leonardo DRS earns the No. 17 rank among its peers in the Aerospace/Defense industry group. EHang Holdings ADR, Embraer ADR and Elbit Systems 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.
RELATED:
Defense And Aerospace Stocks To Watch And Industry News
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
