The Relative Strength (RS) Rating for Blue Bird jumped into a higher percentile Tuesday, as it got a lift from 68 to 73.
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This unique rating tracks technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves. See if Blue Bird can continue to rebound and clear that threshold.
Blue Bird is now considered extended and out of buy range after clearing a 28.39 buy point in a third-stage cup with handle. 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 moving average.
Earnings grew 8% last quarter, up from 1% in the prior report. Revenue also increased, from -1% to 4%.
Blue Bird earns the No. 3 rank among its peers in the Transportation-Equipment Manufacturing industry group. Wabtec 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.
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