Rivian Automotive saw a welcome improvement to its Relative Strength (RS) Rating on Friday, rising from 80 to 85.
Hone Your Stock-Picking Skills By Focusing On These Factors
This unique rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks matches up against that of all other stocks.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating as they launch their biggest price moves.
Rivian Automotive is not currently near a potential buying area. See if the stock goes on to form a sound pattern that could ignite a new run.
The company posted 0% EPS growth last quarter, while sales growth came in at 3%.
Rivian Automotive holds the No. 5 rank among its peers in the Auto Manufacturers industry group. Ferrari 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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