On Monday, Caterpillar stock received an upgrade to its Relative Strength (RS) Rating, from 77 to 82.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks stacks up against 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 as they launch their biggest price moves.
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Is Caterpillar Stock A Buy?
Caterpillar stock is building a long and wide consolidation with a 246.79 buy point. See if the stock can break out in heavy volume. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The machinery company showed 27% EPS growth in its most recent report, while sales growth came in at 23%. The company is expected to report its latest earnings and sales numbers on or around Apr. 29.
Caterpillar stock holds the No. 1 rank among its peers in the Machinery-Construction/Mining industry group.
