Ferrari saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, with an increase from 68 to 76.
When To Sell Stocks To Lock In Profits And Minimize Losses
This exclusive rating from Investor's Business Daily measures share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks tend to have an 80 or higher RS Rating in the early stages of their moves. See if Ferrari can continue to show renewed price strength and hit that benchmark.
Ferrari is within a buy zone after moving past a 503.10 buy point in a cup with handle. Once a stock moves 5% or higher beyond the original entry, it's considered out of a proper buying area.
While EPS growth declined in the prior quarter from 24% to 19%, sales grew 13%, up from 7% in the prior report. The next quarterly numbers are expected on or around Jul. 31.
The company earns the No. 1 rank among its peers in the Auto Manufacturers industry group. Tesla and General Motors are also among the group's highest-rated stocks.
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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