Caterpillar stock had its Relative Strength (RS) Rating upgraded from 70 to 73 Thursday -- a welcome improvement, but still below the 80 or higher score you prefer to see.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
History shows that the top-performing stocks often have an RS Rating north of 80 as they launch their largest runs. See if Caterpillar can continue to rebound and hit that benchmark.
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Is Caterpillar Stock A Buy?
Caterpillar is trying to complete a consolidation with a 246.79 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The farm machinery firm posted 0% earnings growth in its most recent report. Revenue increased 14%.
Caterpillar stock earns the No. 1 rank among its peers in the Machinery-Construction/Mining industry group.
