On Tuesday, Trimble earned a positive adjustment to its Relative Strength (RS) Rating, from 80 to 83.
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IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the best stocks often have an RS Rating of over 80 as they launch their biggest climbs.
Trimble is building a consolidation with a 77.78 buy point. See if the stock can break out in volume at least 40% higher than normal.
Trimble posted negative growth for both sales and earnings last quarter.
The company holds the No. 3 rank among its peers in the Electronics-Miscellaneous Products industry group. InterDigital is the top-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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