In a welcome move, Patrick Industries saw its Relative Strength Rating rise from 68 to 71 on Monday.
IBD's proprietary rating identifies price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the top-performing stocks tend to have an 80 or better RS Rating as they begin their largest price moves. See if Patrick Industries can continue to rebound and hit that benchmark.
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Patrick Industries is building a consolidation with a 98.91 entry. See if it can break out in volume at least 40% above average.
Patrick Industries reported -1% EPS growth last quarter, while sales growth came in at 6%. The next quarterly numbers are expected on or around Feb. 6.
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.
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