On Thursday, Goodyear Tire & Rubber reached an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 83, up from 79 the day before.
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This proprietary rating measures technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history reveals that the best stocks often have an 80 or higher RS Rating in the early stages of their moves.
Goodyear Tire & Rubber is not currently near a potential buy zone. See if the stock goes on to build a chart pattern that could spark a new run.
Earnings growth increased last quarter from -17% to 0%. But revenue gains fell from -3% to -6%. The next quarterly results 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 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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