Ferrari had its Relative Strength (RS) Rating upgraded from 78 to 82 Friday.
Looking For The Best Stocks To Buy And Watch? Start Here
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 behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the top-performing stocks often have an RS Rating of at least 80 as they launch their biggest runs.
Ferrari is building a cup without handle with a 509.13 entry. See if the stock can break out in heavy volume.
While sales growth fell last quarter from 12% to 7%, the bottom line grew 24%, up from 21% in the prior report. The company is expected to report its latest earnings and sales numbers on or around May 6.
The company holds the No. 1 rank among its peers in the Auto Manufacturers industry group. XPeng ADR and General Motors are also among the group's highest-rated stocks.
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.
RELATED:
Automotive Industry News, Self-Driving Cars And Stocks To Watch
Which Stocks Are Showing Rising Relative Strength?
Why Should You Use IBD's Relative Strength Rating?
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
