AGCO saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, rising from 66 to 74.

When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD's proprietary rating tracks share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.

Over 100 years of market history reveals that the best-performing stocks typically have an RS Rating north of 80 in the early stages of their moves. See if AGCO can continue to show renewed price strength and clear that threshold.

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While now is not an ideal time to jump in, see if the stock is able to establish and enter a buying range in heavy trade.

Taking a look at revenue and profit performance, the company has posted rising EPS growth in each of the last two reports. Sales growth has not followed the same trajectory, coming in at 0% in the latest report.

The company earns the No. 1 rank among its peers in the Machinery-Farm industry group.

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