Trinity Industries saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 70 to 74.
This exclusive rating from Investor's Business Daily tracks price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the best stocks often have an RS Rating of at least 80 in the early stages of their moves. See if Trinity Industries can continue to show renewed price strength and hit that benchmark.
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Trinity Industries broke out earlier, but is now approximately 4% below the prior 34.97 entry from a cup with handle. If a stock you're tracking clears a buy point then falls 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new chart pattern and buy point. Also understand that the most recent pattern is a later-stage base, and such bases are more prone to failure.
Trinity Industries showed 65% earnings growth in the latest quarterly report, while sales growth came in at -3%.
The company holds the No. 5 rank among its peers in the Transportation-Equipment Manufacturing industry group. Wabtec is the top-ranked stock within the group.
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