On Thursday, Champion Homes earned a positive adjustment to its Relative Strength (RS) Rating, from 80 to 85.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
History reveals that the best stocks often have an RS Rating north of 80 as they begin their biggest runs.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to establish and enter a buy zone in heavy volume.
While the company's top line growth fell last quarter from 33% to 15%, earnings-per-share grew 27%, up from 13% in the prior report.
Champion Homes holds the No. 2 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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