Caterpillar saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 67 to 73.
Can You Really Time The Stock Market?
This unique rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks compares to other publicly traded companies.
Decades of market research shows that the top-performing stocks typically have an RS Rating of above 80 in the early stages of their moves. See if Caterpillar can continue to show renewed price strength and hit that benchmark.
Caterpillar is building a consolidation with a 418.50 buy point. See if the stock can clear the breakout price in heavy trading.
The company posted negative growth for both the top and bottom lines last quarter.
Caterpillar earns the No. 2 rank among its peers in the Machinery-Construction/Mining industry group. Astec Industries is the No. 1-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.
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