When considering what names to put on your watch list, focus on stocks with an 80 or higher RS Rating. AGCO just met that criteria with a new score of 85.
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This unique rating tracks technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the best-performing stocks tend to have an 80 or better RS Rating in the early stages of their moves.
AGCO has climbed more than 5% past a 108.76 entry in a first-stage flat base, meaning it's now out of a proper buy range. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Although earnings and sales growth came in at -47% and -19%, respectively, in the latest report, that showed improvement for both earnings-per-share and sales.
The company earns the No. 5 rank among its peers in the Machinery-Farm industry group. Lindsay 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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