On Wednesday, Rivian Automotive stock received an upgrade to its Relative Strength (RS) Rating, from 67 to 73.
How To Invest In Stocks In Both Bull And Bear Markets
IBD's proprietary rating identifies share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the best stocks typically have an 80 or higher RS Rating in the early stages of their moves. See if Rivian Automotive stock can continue to show renewed price strength and hit that benchmark.
Is Rivian Automotive Stock A Buy?
Rivian Automotive stock is trading just below its 50-day line and is not currently offering a proper buying opportunity. See if the automaker stock goes on to build a chart pattern that could kick off a new price move.
The outdoor lifestyle EV truck maker reported 0% earnings growth in the latest quarterly report. Revenue gains came in at 3%. Look for the next report on or around Aug. 5.
Rivian Automotive stock earns the No. 8 rank among its peers in the Auto Manufacturers industry group. Ferrari, Tesla and Li Auto ADR are among the top 5 highly rated stocks within the group. For more industry news, check out "Automotive Industry News, Self-Driving Cars And Stocks To Watch."
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.
