On Thursday, Trimble reached an important technical milestone, with its Relative Strength (RS) Rating climbing into the 80-plus percentile with an upgrade to 81, up from 73 the day before.
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
History shows that the market's biggest winners often have an 80 or better RS Rating in the early stages of their moves.
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Trimble is trying to complete a cup with handle with a 63.33 buy point. See if the stock can break out in heavy trade.
While the company's top line growth fell last quarter from 4% to -12%, the bottom line grew -3%, up from -11% in the prior report. The next quarterly results are expected on or around Nov. 6.
The company holds the No. 7 rank among its peers in the Electronics-Miscellaneous Products industry group. InterDigital, Zebra Technologies Cl A and Corning are among the top 5 highly rated stocks within the group.
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