On Wednesday, Terex reached a key technical benchmark, with its Relative Strength (RS) Rating entering into the 80-plus percentile with an improvement to 81, a rise from 77 the day before.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the market's biggest winners often have an 80 or better RS Rating in the early stages of their moves.
While now is not an ideal time to invest, see if the stock is able to establish and enter a buy zone in heavy trade.
Terex reported 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 holds the No. 4 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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