The Relative Strength (RS) Rating for Caterpillar stock jumped into a new percentile Tuesday, as it got a lift from 70 to 75.
IBD's unique RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks compares to the rest of the market.
Decades of market research reveals that the best-performing stocks typically have an 80 or higher RS Rating in the early stages of their moves. See if Caterpillar stock can continue to show renewed price strength and hit that benchmark.
Can You Really Time The Stock Market?
Is Caterpillar Stock A Buy?
Caterpillar stock is building a cup with handle with a 356.46 entry. See if it can break out in heavy trade. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The construction and machinery firm reported 8% EPS growth in its most recent report, while sales growth came in at -4%.
Caterpillar stock earns the No. 1 rank among its peers in the Machinery-Construction/Mining industry group. Terex and CNH Industrial are also among the group's highest-rated stocks.
