The Relative Strength (RS) Rating for Teledyne Technologies entered a higher percentile Wednesday, as it got a lift from 70 to 73.
IBD's proprietary RS Rating tracks market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the best-performing stocks typically have an RS Rating of at least 80 in the early stages of their moves. See if Teledyne Technologies can continue to show renewed price strength and clear that threshold.
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Teledyne Technologies is trying to complete a flat base with a 492.00 buy point. See if it can break out in volume at least 40% higher than normal.
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%. Look for the next report on or around Jan. 22.
The company holds the No. 30 rank among its peers in the Aerospace/Defense industry group. Howmet Aerospace, Embraer ADR and M-tron Industries are among the top 5 highly rated stocks within the group.
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