Deere & Company saw a welcome improvement to its Relative Strength (RS) Rating on Monday, with an upgrade from 70 to 86.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique RS Rating identifies market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the best stocks often have an 80 or higher RS Rating as they begin their biggest runs.
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Is Deere & Company Stock A Buy?
Deere & Company stock retook its 200-day moving average in recent weeks and is not currently offering a proper buying opportunity. See if the stock goes on to build a sound pattern that could ignite a new run. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
While earnings-per-share growth declined in the company's most recently reported quarter from 20% to 16%, revenue rose 22%, up from 11% in the previous report.
Deere & Company stock holds the No. 2 rank among its peers in the Machinery-Farm industry group. Deere & Company and Alamo are also among the group's highest-rated stocks.
