Patrick Industries saw a positive improvement to its Relative Strength (RS) Rating on Friday, with an increase from 70 to 73.
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IBD's proprietary RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks tend to have an 80 or higher RS Rating as they begin 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 the stock can clear the breakout price in heavy volume.
Earnings growth moved up in the company's latest report from -45% to -7%, but the top line fell from 8% to 7%. The company is expected to report its latest numbers on or around Jul. 24.
The company earns the No. 3 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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