In a welcome move, Rivian Automotive saw its Relative Strength Rating rise from 66 to 76 on Thursday.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they begin their largest price moves. See if Rivian Automotive can continue to show renewed price strength and hit that benchmark.
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Rivian Automotive is trying to complete a cup with handle with a 16.65 buy point. See if the stock can clear the breakout price in heavy volume.
The company posted 0% EPS growth last quarter, while sales growth came in at -35%. The company is expected to report its latest results on or around Feb. 20.
The company earns the No. 10 rank among its peers in the Auto Manufacturers industry group. Ferrari, Tesla and XPeng ADR are among the top 5 highly rated stocks within the group.
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IBD Stock Rating Upgrades: Rising Relative Strength
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