One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Oshkosh just hit that mark, with a jump from 78 to 82 Friday.
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This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the best stocks typically have an RS Rating of above 80 as they begin their biggest runs.
Oshkosh has moved more than 5% past a 103.30 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company reported negative growth for both the top and bottom lines last quarter.
The company earns the No. 1 rank among its peers in the Trucks & Parts-Heavy Duty industry group. Cummins and Shyft Group 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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