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One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Terex (TEX) just hit that mark, with a jump from 78 to 81 Tuesday. This exclusive rating from Investor's Business Daily tracks price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database. Decades of market research reveals that the best stocks typically have an RS Rating north of 80 in the early stages of their moves. Terex is now considered extended and out of buy range after clearing a 54.69 buy point in a first-stage flat base. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line. Earnings grew -31% last quarter, up from -52% in the prior report. Revenue also increased, from -5% to 8%. The company is expected to report its latest earnings and sales numbers on or around Oct. 30. The company earns the No. 3 rank among its peers in the Machinery-Construction/Mining industry group. Astec Industries (ASTE) is the No. 1-ranked stock within the group. This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
