Ferrari had its Relative Strength (RS) Rating upgraded from 68 to 71 Friday — a welcome improvement, but still short of the 80 or higher score you look for.
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This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the market's biggest winners tend to have an RS Rating north of 80 as they launch their largest climbs. See if Ferrari can continue to show renewed price strength and hit that benchmark.
Ferrari is working on a cup with handle with a 503.10 entry. See if the stock can clear the breakout price in heavy trade.
Earnings growth slowed last quarter from 24% to 19%. But revenue moved higher, from 7% to 13%. Keep an eye out for the company's next round of numbers on or around Jul. 31.
The company holds the No. 1 rank among its peers in the Auto Manufacturers industry group. General Motors and Ford Motor 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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