On Friday, Blue Bird earned an upgrade to its Relative Strength (RS) Rating, from 72 to 90.
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This exclusive rating from Investor's Business Daily measures share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
History reveals that the top-performing stocks often have an RS Rating north of 80 at the beginning of a new climb.
Blue Bird is building a cup without handle with a 59.40 entry. See if it can break out in heavy volume. Note that it's a fourth-stage base. Later-stage patterns can work, but have a greater failure rate since, by that point, the stock has already climbed substantially..
In terms of top and bottom line numbers, Blue Bird has posted two quarters of accelerating earnings growth. Revenue gains have also increased over the same time frame.
The company earns the No. 1 rank among its peers in the Transportation-Equipment Manufacturing industry group. Wabtec and Greenbrier are also among the group's highest-rated stocks.
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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