The Relative Strength (RS) Rating for Patrick Industries jumped into a higher percentile Friday, as it got a lift from 63 to 76.
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This unique rating measures 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 Patrick Industries can continue to rebound and hit that benchmark.
Patrick Industries is building a double bottom with a 98.60 buy point. See if the stock can break out in volume at least 40% above average.
While revenue growth fell last quarter from 8% to 7%, EPS grew -7%, up from -45% in the prior report.
The company earns the No. 3 rank among its peers in the Building-Mobile/Manufacturing & RV industry group. REV Group 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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