Goodyear Tire & Rubber had its Relative Strength (RS) Rating upgraded from 77 to 84 Wednesday.
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IBD's proprietary RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matches up against that of all other stocks.
Decades of market research shows that the best stocks tend to have an RS Rating north of 80 as they begin their biggest climbs.
Goodyear Tire & Rubber is trying to complete a consolidation with an 11.09 buy point. See if it can break out in heavy trade.
While the company's bottom line growth dropped in the prior quarter from 3% to -17%, the top line rose -3%, up from -6% in the prior report. Look for the next report on or around May 2.
Goodyear Tire & Rubber holds the No. 2 rank among its peers in the Auto/Truck-Tires & Miscellaneous industry group. Douglas Dynamics is the No. 1-ranked stock within the group.
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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