On Tuesday, Goodyear Tire & Rubber stock received an upgrade to its Relative Strength (RS) Rating, from 62 to 77.
How To Invest In Stocks In Both Bull And Bear Markets
This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matched up against all other stocks.
Over 100 years of market history shows that the best stocks tend to have an RS Rating of at least 80 as they begin their largest runs. See if Goodyear Tire & Rubber can continue to rebound and clear that threshold.
Is Goodyear Tire & Rubber Stock A Buy?
Goodyear Tire & Rubber stock is trying to complete a consolidation with an 11.09 entry. This is not the time to buy stocks during a market selloff, but build a watchlist of possible emerging leaders once the market trend turns around.
Earnings growth declined last quarter from 3% to -17%. But revenue moved higher, from -6% to -3%. Keep an eye out for the company's next round of numbers on or around May 2.
Goodyear Tire & Rubber stock earns the No. -1 rank among its peers in the Auto/Truck-Tires & Miscellaneous industry 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.
