CNH Industrial saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 80 to 88.
This proprietary rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matches up against other publicly traded companies.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an 80 or better RS Rating as they begin their biggest runs.
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While CNH Industrial is not near an ideal buy zone right now, see if it manages to form and break out from a proper base.
CNH Industrial posted negative growth for both the top and bottom lines last quarter.
CNH Industrial earns the No. 2 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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