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Charts courtesy of stockcharts.com

Monday, February 21, 2011

Farm And Construction Machinery

Among the top 10 industries that have stocks withing the top 25% of their 52 week price ranges (also known as "the relative strength range"), the #3 group, farm and construction machinery, was one of two not to be in the top 10 in any other category, meaning it has gained strength very quickly (the other is rental and leasing services). 

Ticker Price as a % of 52 Wk H-L Range EPS growth past 5 years Return on Equity 50-Day Simple Moving Average 200-Day Simple Moving Average 20 day v/ms
MTW 95.6 -0.29 -0.12 0.36 0.71 34.79
TEX 99.38 0.22 -0.15 0.2 0.57 23
AGCO 99.61 0.46 0.09 0.1 0.42 17.9
CNH 96.27 0.22 0.06 0.07 0.43 17.51
LNN 100 0.37 0.1 0.16 0.59 14.67
JOYG 100 0.3 0.43 0.13 0.46 13.21
ARTW 96.68 -0.12 0.11 0.2 0.76 10.09
DE 97.96 0.09 0.34 0.08 0.33 9.53
CAT 100 0.01 0.28 0.11 0.38 9.18
CMCO 66.2 -0.31 -0.23 -0.04 0.12 6.6
ASTE 87.39 -0.26 0.02 0.07 0.15 6.55
CASC 94.42 -0.28 0.01 0.04 0.3 4.94
NC 100 -0.29 0.16 0.13 0.3 4.77
GENC 84.48 -0.38 0.03 0.07 0.07 1.84
ALG 98.77 0.04 0.11 0.03 0.16 1.72
BUCY






There are 16 stocks in the group, but BUCY is being acquired and is no loner in my database, so I have no data on it. All but one (CMCO) are in the relative strength range. I ranked them by 20 day v/ms, and 5 of them have enough volume to qualify for leadership qualifications. None have the fundamental qualifications, but AGCO, CNH, and LNN come close.


I managed to squeeze 5 charts into my screen capture utility. MTW is extended, AGCO, LNN, and CNH appear to be on the verge of breakouts after a pullback, and TEX is extending a previous breakout. Of the 5, I think LNN has the most potential.




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