In a welcome move, Terex saw its Relative Strength Rating improve from 67 to 75 on Monday.
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IBD's unique RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the best stocks typically have an RS Rating of at least 80 as they launch their largest climbs. See if Terex can continue to rebound and hit that benchmark.
Terex is in a buy range after climbing above a 49.09 buy point in a flat base. The proper buying range extends to 5% above the initial entry. Once a stock moves above that range, it's best to wait for it to set up another buying opportunity..
Terex reported negative growth for both sales and earnings last quarter. The company is expected to report its next quarterly numbers on or around Aug. 5.
The company earns the No. 5 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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