Caterpillar Stock Sees Relative Strength Rating Jump To 81

When looking for the best stocks to buy and watch, focus on those whose relative prices are rising.

A stock that fits this bill is caterpillar (CAT), whose Relative Strength (RS) rating fell from 78 to 81 on Friday.


When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.

This exclusive rating from Investor’s Business Daily tracks price action with a score from 1 (worst) to 99 (best). The rating shows how a stock’s price behavior over the past 52 weeks compares to all other stocks in our database.

History reveals that the stocks that make the biggest gains tend to have an RS rating north of 80 when they begin their biggest ascents.

Looking for winning stocks? Try this simple routine

Is Caterpillar Stock a Buy?

Caterpillar stock is building a consolidation with a buy point of 246.79. See if the stock can break out in volume at least 40% above normal. Read “Looking for the next big winners in the stock market? Start with these 3 steps” for more tips.

The construction machinery company posted EPS growth of 27% in its latest report, while sales growth came in at 23%. The company is expected to release its latest numbers on or around April 29.

Caterpillar stock ranks first among its peers in the Machinery-Construction/Mining industry group.


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