The Relative Strength (RS) Rating for Terex headed into a new percentile Thursday, as it got a lift from 70 to 76. The upgrade puts the No. 1 ranked heavy equipment maker within a few points of a key rating benchmark. Terex stock rose 1.87% Thursday, crossing above its 21-day line. It was already above its 50-day and 200-day lines.
The 76 RS Rating shows that Terex is in the top quartile for stock performance over the past year. History shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves. See if Terex can continue to show renewed price strength and clear that threshold.
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Terex Stock Consolidating
Terex makes a variety of construction and mining machines including cranes, material handlers, crushing/screening/washing gear for mining and cement mixers among others.
As reported earlier, the Norwalk, Conn.-based company is building a consolidation with a 65.64 buy point. See if Terex stock can clear the breakout price in volume at least 40% above average. It's a later-stage pattern, and investors should be aware that those are less likely to lead to significant gains.
Earnings Growth Cools, Though Still Robust
Terex reported 46% earnings growth in its most recent report, to $1.75 a share. It's a strong gain, although down from the 120% pop the prior quarter. Sales increased 15% to $1.29 billion last quarter. The next quarterly numbers are expected on or around Feb. 8.
Terex stock earns the No. 1 rank among its peers in the small five-stock Machinery-Construction/Mining industry group. Caterpillar is No. 2 and Manitowoc is No. 3.
