Ferrari had its Relative Strength (RS) Rating upgraded from 62 to 72 Tuesday — a welcome improvement, but still below the 80 or higher score you prefer to see.
IBD's unique rating identifies price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves. See if Ferrari can continue to rebound and hit that benchmark.
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Ferrari is working on a consolidation with a 498.23 entry. See if it can break out in heavy volume.
While the company's top line growth fell last quarter from 12% to 7%, EPS grew 24%, up from 21% in the previous report.
The company earns the No. 1 rank among its peers in the Auto Manufacturers industry group. XPeng ADR and Tesla are also among the group's highest-rated stocks.
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