When building your watch list, look for stocks with an 80 or higher RS Rating. Corteva now meets that criteria, with an increase from 80 to 84 Tuesday.
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This proprietary rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.
History shows that the best stocks often have an RS Rating of over 80 as they begin their biggest price moves.
Corteva is trying to complete a flat base with a 77.41 entry. See if the stock can break out in heavy volume.
While earnings-per-share growth declined in the company's most recently reported quarter from 48% to 20%, sales rose 6%, up from -2% in the previous report.
Corteva earns the No. 1 rank among its peers in the Agricultural Operations industry group. Mission Produce and CEA Industries are also among the group's highest-rated stocks.
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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