On Monday, Deere stock received a positive adjustment to its Relative Strength (RS) Rating, from 69 to 73.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the best stocks tend to have an RS Rating of over 80 in the early stages of their moves. See if Deere stock can continue to show renewed price strength and hit that benchmark.
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Is Deere Stock A Buy?
Deere stock is trying to complete a flat base with a 448.50 buy point. See if it can break out in heavy trading. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The farming equipment firm saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 16% to 81%. Revenue rose from 22% to 37%. The company is expected to report its latest results on or around Feb. 17.
Deere stock holds the No. 1 rank among its peers in the Machinery-Farm industry group.
