Patrick Industries saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, with an increase from 65 to 73.
IBD's proprietary rating tracks share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the best-performing stocks tend to have an RS Rating of above 80 as they begin their biggest runs. See if Patrick Industries can continue to show renewed price strength and hit that benchmark.
Can You Really Time The Stock Market?
Patrick Industries is building a consolidation with a 98.91 buy point. See if it can break out in volume at least 40% above average.
Earnings-per-share growth fell in the company's latest report from -1% to -45%, but the top line rose from 6% to 8%.
Patrick Industries earns the No. 4 rank among its peers in the Building-Mobile/Manufacturing & RV industry group. Cavco Industries 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.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
