Rivian Automotive had its Relative Strength (RS) Rating upgraded from 78 to 85 Tuesday.
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
History reveals that the market's biggest winners typically have an 80 or higher RS Rating in the early stages of their moves.
Risk Management In The Stock Market: How Much Money To Invest Now
Rivian Automotive is working on a cup with handle with a 16.65 buy point. See if it can break out in heavy volume.
Rivian Automotive showed 0% EPS growth in its most recent report. Sales gains came in at -35%. The next quarterly numbers are expected on or around Feb. 20.
Rivian Automotive earns the No. 8 rank among its peers in the Auto Manufacturers industry group. Ferrari, XPeng ADR and Tesla are among the top 5 highly rated stocks within the group.
RELATED:
Automotive Industry News, Self-Driving Cars And Stocks To Watch
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
