Lindsay saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 64 to 71.
This unique rating tracks technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the market's biggest winners tend to have an RS Rating of at least 80 as they launch their biggest climbs. See if Lindsay can continue to show renewed price strength and clear that threshold.
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Lindsay broke out earlier, but has fallen back below the prior 135.20 entry from a cup without handle. If a stock you're tracking breaks past a buy point then declines 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new pattern and breakout. Also keep in mind that the latest consolidation is a later-stage base, and those involve more risk.
Earnings grew 15% last quarter, up from -33% in the prior report. Revenue also increased, from -7% to 3%.
Lindsay earns the No. 1 rank among its peers in the Machinery-Farm industry group. Deere and Alamo Group are also among the group's highest-rated stocks.
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