The Relative Strength (RS) Rating for Caterpillar headed into a new percentile Tuesday, as it got a lift from 70 to 73.
IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the best stocks tend to have an RS Rating of over 80 in the early stages of their moves. See if Caterpillar can continue to show renewed price strength and clear that threshold.
Can You Really Time The Stock Market?
Caterpillar is working on a consolidation with a 418.50 buy point. See if it can clear the breakout price in heavy trade.
Caterpillar reported negative growth for both the top and bottom lines last quarter. Caterpillar is expected to release its next quarterly numbers on or around Jan. 30.
Caterpillar holds the No. 1 rank among its peers in the Machinery-Construction/Mining industry group. CNH Industrial and Astec Industries are also among the group's highest-rated stocks.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
