When building your watch list, look for stocks with an 80 or higher RS Rating. CNH Industrial just cleared that benchmark with an upgrade from 79 to 82.
IBD's proprietary RS Rating tracks market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the best-performing stocks typically have an 80 or higher RS Rating in the early stages of their moves.
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CNH Industrial is within a buy zone after climbing above a 12.76 entry in a cup with handle. The proper buying range extends to 5% above the initial entry. Once a stock hits that benchmark, it's best to hold off investing and wait for it to set up another buying opportunity.
The company posted negative growth for both the top and bottom lines last quarter.
CNH Industrial holds the No. 1 rank among its peers in the Machinery-Construction/Mining industry group. Caterpillar and Astec Industries are also among the group's highest-rated stocks.
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