Corteva saw a positive improvement to its Relative Strength (RS) Rating on Friday, with an upgrade from 67 to 72.
This proprietary rating tracks market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating in the early stages of their moves. See if Corteva can continue to show renewed price strength and clear that threshold.
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Corteva is now considered extended and out of buy range after clearing a 56.13 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 line.
The company posted 0% earnings growth in its most recent report, while sales growth came in at -10%.
Corteva holds the No. 5 rank among its peers in the Agricultural Operations industry group. Mission Produce is the No. 1-ranked stock within the group.
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