Cavco Industries had its Relative Strength (RS) Rating upgraded from 62 to 72 Wednesday — a welcome improvement, but still short of the 80 or higher score you look for.
When To Sell Stocks To Lock In Profits And Minimize Losses
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best stocks tend to have an 80 or better RS Rating in the early stages of their moves. See if Cavco Industries can continue to show renewed price strength and hit that benchmark.
While the stock is not near an ideal buying range right now, see if it goes on to form and break out of a proper consolidation.
Earnings growth moved up in the company's most recent report from 34% to 56%, but revenue fell from 21% to 17%. Look for the next report on or around Oct. 30.
Cavco Industries earns the No. 2 rank among its peers in the Building-Mobile/Manufacturing & RV industry group. REV Group is the top-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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