Deere had its Relative Strength (RS) Rating upgraded from 67 to 72 Wednesday -- a welcome improvement, but still short of the 80 or higher score you look for.

When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.

This proprietary rating measures market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.

Over 100 years of market history shows that the top-performing stocks typically have an RS Rating of at least 80 in the early stages of their moves. See if Deere can continue to show renewed price strength and hit that benchmark.

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Deere is trying to complete a flat base with a 448.50 buy point. See if it can break out in volume at least 40% higher than normal.

While sales growth fell last quarter from 37% to 32%, earnings-per-share grew 124%, up from 81% in the prior report.

Deere earns the No. 2 rank among its peers in the Machinery-Farm industry group. Deere and Alamo Group are also among the group's highest-rated stocks.

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