Patrick Industries had its Relative Strength (RS) Rating upgraded from 67 to 72 Wednesday — a welcome improvement, but still shy of the 80 or higher score you prefer to see.
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IBD's unique rating measures share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
History shows that the best stocks tend to have an RS Rating north of 80 as they launch their largest runs. See if Patrick Industries can continue to show renewed price strength and hit that benchmark.
Patrick Industries is building a double bottom with a 98.60 buy point. See if it can break out in heavy trade.
Earnings growth increased in the company's most recent report from -45% to -7%, but revenue fell from 8% to 7%.
The company holds 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.
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