On Friday, Trimble hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 83, up from 80 the day before.
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IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating in the early stages of their moves.
Trimble is trying to complete a consolidation with a 77.78 buy point. See if it can break out in volume at least 40% higher than normal.
The company posted negative growth for both sales and earnings last quarter.
The company earns the No. 3 rank among its peers in the Electronics-Miscellaneous Products industry group. InterDigital 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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