Patrick Industries had its Relative Strength (RS) Rating upgraded from 66 to 71 Friday — a welcome improvement, but still below the 80 or better score you look for.
Can You Really Time The Stock Market?
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
History shows that the market's biggest winners tend to have an 80 or better RS Rating in the early stages of their moves. See if Patrick Industries can continue to show renewed price strength and clear that threshold.
Patrick Industries is trying to complete a flat base with a 116.78 buy point. See if the stock can break out in volume at least 40% higher than normal.
Earnings growth moved up in the company's latest report from -7% to 4%, but sales fell from 7% to 3%. Look for the next report on or around Oct. 23.
Patrick Industries holds the No. 4 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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