Deere had its Relative Strength (RS) Rating upgraded from 79 to 82 Wednesday.
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This exclusive rating from Investor's Business Daily measures price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an 80 or better RS Rating as they begin their biggest price moves.
Deere is working on a flat base with a 533.78 entry. See if it can break out in heavy volume.
Although earnings and sales growth came in at -22% and -16%, respectively, in the latest report, that showed improvement for both earnings-per-share and sales. The company is expected to release its next quarterly numbers on or around Aug. 14.
Deere holds the No. 4 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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