Caterpillar had its Relative Strength (RS) Rating upgraded from 68 to 71 Monday — a welcome improvement, but still short of the 80 or better score you look for.
IBD's proprietary RS Rating measures technical performance 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 stocks often have an RS Rating of at least 80 as they begin their largest runs. See if Caterpillar can continue to rebound and hit that benchmark.
When To Sell Stocks To Lock In Profits And Minimize Losses
Caterpillar is working on a flat base with a 418.50 buy point. See if the stock can break out in volume at least 40% higher than normal.
Caterpillar posted negative growth for both the top and bottom lines last quarter.
The company earns the No. 1 rank among its peers in the Machinery-Construction/Mining industry group. CNH Industrial and Astec Industries are also among the group's highest-rated stocks.
RELATED:
Which Stocks Are Showing Improved Technical Action?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
