On Friday, Terex got an upgrade to its Relative Strength (RS) Rating, from 64 to 71.
How To Invest In Stocks In Both Bull And Bear Markets
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the best-performing stocks tend to have an RS Rating of at least 80 as they begin their largest price moves. See if Terex can continue to show renewed price strength and clear that threshold.
Terex broke out earlier, but is now approximately 3% below the prior 54.69 entry from a flat base. If a stock you're watching climbs above a buy point then falls 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new pattern and breakout. Also understand that the latest consolidation is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
Terex saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -52% to -31%. Revenue rose from -5% to 8%. Keep an eye out for the company's next round of numbers on or around Oct. 23.
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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