Teledyne Technologies had its Relative Strength (RS) Rating upgraded from 70 to 74 Thursday — a welcome improvement, but still short of the 80 or higher score you prefer to see.
IBD's unique rating identifies share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the best stocks typically have an RS Rating of above 80 in the early stages of their moves. See if Teledyne Technologies can continue to rebound and hit that benchmark.
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Teledyne Technologies is now considered extended and out of buy range after clearing a 448.19 buy point in a first-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 1%, compared to -2% in the prior report. Revenue increased from -4% to 3%.
The company holds the No. 32 rank among its peers in the Aerospace/Defense industry group. Howmet Aerospace, M-tron Industries and Heico Cl A are among the top 5 highly rated stocks within the group.
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