On Thursday, Trimble got a positive adjustment to its Relative Strength (RS) Rating, from 82 to 91.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains typically have an RS Rating of above 80 as they launch their largest climbs.
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Trimble has moved more than 5% past a 63.33 entry in a first-stage cup with handle, meaning it's now out of a proper buy range. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -3% to 3%. Revenue rose from -12% to -9%.
Trimble holds the No. 4 rank among its peers in the Electronics-Miscellaneous Products industry group. InterDigital is the top-ranked stock within the group.
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