Corteva had its Relative Strength (RS) Rating upgraded from 70 to 76 Monday — a welcome improvement, but still below the 80 or better score you look for.
IBD's proprietary RS Rating identifies technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 as they launch their biggest runs. See if Corteva can continue to show renewed price strength and hit that benchmark.
How To Invest In Stocks In Both Bull And Bear Markets
Corteva is working on a flat base with a 64.20 buy point. See if it can clear the breakout price in volume at least 40% above average.
The company showed 0% earnings growth in its most recent report. Sales rose -10%. The next quarterly numbers are expected on or around Feb. 5.
Corteva 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!
