When considering what names to put on your watch list, look for stocks with an 80 or higher RS Rating. Corteva just cleared that benchmark with an upgrade from 76 to 83.
This exclusive rating from Investor's Business Daily measures share price movement with a 1 (worst) to 99 (best) score. The grade shows 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 typically have an RS Rating of above 80 in the early stages of their moves.
Risk Management In The Stock Market: How Much Money To Invest Now
Corteva is trying to complete a flat base with a 64.20 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.
Corteva showed 0% EPS growth in its most recent report, while sales growth came in at -10%. The next quarterly numbers are expected on or around Feb. 5.
The company earns the No. 2 rank among its peers in the Agricultural Operations industry group. Mission Produce is the No. 1-ranked stock within the group.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
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!
