The Relative Strength (RS) Rating for Goodyear Tire & Rubber climbed into a new percentile Wednesday, as it got a lift from 69 to 73.
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IBD's proprietary RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners typically have an RS Rating of above 80 as they begin their biggest price moves. See if Goodyear Tire & Rubber can continue to show renewed price strength and hit that benchmark.
While now is not an ideal time to invest, see if the stock manages to establish and enter a buying range in heavy volume.
While revenue growth fell last quarter from -3% to -6%, EPS grew 0%, up from -17% in the previous report. The next quarterly numbers are expected on or around Aug. 1.
Goodyear Tire & Rubber earns the No. 3 rank among its peers in the Auto/Truck-Tires & Miscellaneous industry group. Douglas Dynamics 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.
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