One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Goodyear Tire & Rubber just hit that mark, with a jump from 76 to 87 Tuesday.
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This unique rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an 80 or better RS Rating in the early stages of their moves.
Goodyear Tire & Rubber has moved more than 5% past an 11.09 entry in a first-stage consolidation, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings growth rose last quarter from -17% to 0%. But revenue gains fell from -3% to -6%.
Goodyear Tire & Rubber earns the No. 2 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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