One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Patrick Industries just hit that mark, with a jump from 77 to 81 Wednesday.
This exclusive rating from Investor's Business Daily identifies 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.
Decades of market research reveals that the best-performing stocks typically have an RS Rating north of 80 in the early stages of their moves.
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Patrick Industries is trying to complete a consolidation with a 98.91 buy point. See if it can clear the breakout price in heavy volume.
Earnings growth dropped last quarter from -1% to -45%. But revenue gains moved higher, from 6% to 8%.
The company earns the No. 4 rank among its peers in the Building-Mobile/Manufacturing & RV industry group. Cavco Industries is the top-ranked stock within the group.
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