On Monday, AGCO reached a key technical benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 81, up from 77 the day before.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's unique RS Rating identifies market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks typically have an RS Rating of above 80 as they launch their biggest climbs.
AGCO is within a buying range after clearing a 108.76 buy point in a flat base. Once a stock moves 5% or higher beyond the initial entry, it's considered out of buy range.
The company posted negative growth for both the top and bottom lines last quarter. The company is expected to release its next quarterly numbers on or around Jul. 31.
AGCO holds the No. 5 rank among its peers in the Machinery-Farm industry group. Lindsay is the top-ranked stock 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:
Which Stocks Are Showing 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!
