On Monday, Ferrari received a positive adjustment to its Relative Strength (RS) Rating, from 68 to 71.
This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks compares to the rest of the market.
Over 100 years of market history shows that the best stocks tend to have an RS Rating of at least 80 in the early stages of their moves. See if Ferrari can continue to show renewed price strength and hit that benchmark.
How To Invest In Stocks In Both Bull And Bear Markets
While Ferrari is not near a proper buy point right now, see if it is able to form and break out of a proper chart pattern.
Earnings growth increased last quarter from 21% to 24%. But revenue gains fell from 12% to 7%.
Ferrari earns the No. 1 rank among its peers in the Auto Manufacturers industry group. Ferrari and XPeng ADR 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.
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