Deere had its Relative Strength (RS) Rating upgraded from 80 to 83 Thursday. The stock is also showing high 90s for both EPS and Composite Rating, according to its chart on MarketSmith.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
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This exclusive rating from Investor's Business Daily tracks share price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
History shows that the best-performing stocks tend to have an RS Rating north of 80 as they begin their biggest climbs.
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Deere is working on a flat base with a 448.50 buy point. See if the stock can break out in heavy volume.
Earnings Report
While sales growth fell last quarter from 37% to 32%, earnings-per-share grew 124%, up from 81% in the prior report.
The company holds the No. 1 rank among its peers in the Machinery-Farm industry group.
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