On Monday, CNH Industrial received a positive adjustment to its Relative Strength (RS) Rating, from 88 to 91.
This unique rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matches up against the rest of the market.
History reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 at the beginning of a new climb.
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CNH Industrial is now considered extended and out of buy range after clearing a 12.76 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
CNH Industrial reported negative growth for both the top and bottom lines last quarter.
The company holds the No. 2 rank among its peers in the Machinery-Construction/Mining industry group. Astec Industries is the top-ranked stock within the 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.
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