On Tuesday, Deere & Company stock reached an important technical benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 82, up from 70 the day before.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's unique rating identifies share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the market's biggest winners often have an RS Rating north of 80 as they begin their biggest climbs.
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Is Deere & Company Stock A Buy?
Deere & Company stock is trying to complete a consolidation with a 446.86 entry. See if the stock can break out in heavy trading. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Earnings grew 20% last quarter, up from -25% in the prior report. Revenue also increased, from 5% to 11%.
Deere & Company stock holds the No. 1 rank among its peers in the Machinery-Farm industry group.
