General Dynamics shows improving price performance, earning an upgrade to its IBD Relative Strength Rating from Investor's Business Daily. The Relative Strength Rating upgrade comes at an exciting time for the defense contractor, which has seen its stock ride the hype of an ongoing stream of government military contracts. The Relative Strength Rating, one of the key measures of a stock's price performance, has been rising steadily over the past few weeks, and it now stands at an impressive level.
This impressive growth in General Dynamics' Relative Strength Rating comes as investors are getting more optimistic about the stock's prospects. A recent boom in government contracts means General Dynamics' products are already in high demand, and investors are hoping that this growth will maintain pace in the months to come. If the current level of investor confidence holds up, it could lead to solid returns on investment for shareholders.
For now, it looks like General Dynamics can continue the upward momentum in its Relative Strength Rating. With so many military contracts flooding in and a new upgrade from Investor's Business Daily, it's worth a closer look to see how well the company can capitalize on its opportunity.