On Wednesday, Caterpillar stock earned an upgrade to its Relative Strength (RS) Rating, from 77 to 81.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor's Business Daily identifies price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the best stocks often have an 80 or better RS Rating as they launch their biggest price moves.
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Is Caterpillar Stock A Buy?
Caterpillar stock is working on a cup without handle with a 266.04 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
Earnings growth increased last quarter from 43% to 70%. But sales fell from 20% to 17%.
Caterpillar stock earns the No. 2 rank among its peers in the Machinery-Construction/Mining industry group. Caterpillar and Manitowoc are also among the group's highest-rated stocks.
