One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Terex just hit that mark, with a jump from 77 to 84 Friday.
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This exclusive rating from Investor's Business Daily tracks price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
History shows that the market's biggest winners often have an RS Rating of at least 80 in the early stages of their moves.
Terex is now considered extended and out of buy range after clearing a 49.09 buy point in a first-stage flat base. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
The company posted negative growth for both the top and bottom lines last quarter. The company is expected to release its next quarterly numbers on or around Aug. 5.
The company earns the No. 3 rank among its peers in the Machinery-Construction/Mining industry group. Astec Industries 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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