Terex stock had its Relative Strength (RS) Rating upgraded from 79 to 83 Friday.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners typically have an RS Rating north of 80 as they begin their biggest climbs.
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Is Terex Stock A Buy?
Terex stock is working on a consolidation with a 60.95 entry. See if it can clear the breakout price in volume at least 40% above average. Be aware that it's a third-stage base. Such later-stage patterns are more and have a higher likelihood to fail than first- or second-stage formations.
The machinery and aerial platform maker reported 116% earnings growth in the latest quarterly report. Revenue increased 23%.
Terex stock earns the No. 1 rank among its peers in the Machinery-Construction/Mining industry group.
