On Wednesday, Goodyear Tire & Rubber hit an important technical milestone, with its Relative Strength (RS) Rating rising into the 80-plus percentile with an improvement to 85, a rise from 80 the day before.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they launch their biggest climbs.
While the stock is not near a proper buying range right now, see if it is able to form and break out of a proper consolidation.
Earnings growth rose last quarter from -17% to 0%. But sales fell from -3% to -6%. The company is expected to report its latest results on or around Aug. 1.
The company holds 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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