On Thursday, AGCO received a positive adjustment to its Relative Strength (RS) Rating, from 79 to 83.
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IBD's unique RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matches up against that of all other stocks.
History shows that the best stocks tend to have an RS Rating north of 80 as they begin their biggest climbs.
AGCO is not currently offering a proper buying opportunity. See if the stock goes on to form a base that could launch a new move.
Although earnings and sales growth came in at -47% and -19%, respectively, in the latest report, that marked acceleration for both earnings-per-share and sales.
AGCO earns the No. 6 rank among its peers in the Machinery-Farm industry group. Lindsay, Alamo Group and Deere are among the top 5 highly rated stocks 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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