On Friday, Deere received a positive adjustment to its Relative Strength (RS) Rating, from 87 to 91.
This exclusive rating from Investor's Business Daily tracks price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks holds 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 often have an 80 or higher RS Rating in the early stages of their moves.
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Deere is not currently near a potential buy zone. See if the stock goes on to build a promising consolidation that could kick off a new price move.
The company reported negative growth for both sales and earnings last quarter.
Deere holds the No. 2 rank among its peers in the Machinery-Farm industry group. Lindsay 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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