Deere saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, rising from 67 to 78.
This exclusive rating from Investor's Business Daily tracks share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
History shows that the best-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if Deere can continue to rebound and clear that threshold.
How To Invest In Stocks In Both Bull And Bear Markets
Deere is building a flat base with a 469.39 entry. See if the stock can clear the breakout price in volume at least 40% above average.
The company reported negative growth for both the top and bottom lines last quarter. The company is expected to report its next quarterly numbers on or around Feb. 13.
Deere earns the No. 1 rank among its peers in the Machinery-Farm industry group. Lindsay and Alamo Group are also among the group's highest-rated stocks.
RELATED:
Which Stocks Are Showing Improved Technical Action?
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!
