When considering what names to put on your watch list, look for stocks with an 80 or higher RS Rating. Patrick Industries just cleared that benchmark with an upgrade from 79 to 83.
IBD's unique RS Rating tracks technical performance by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.
Decades of market research reveals that the top-performing stocks typically have an RS Rating of over 80 in the early stages of their moves.
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Patrick Industries is trying to complete a consolidation with a 98.91 entry. See if it can break out in heavy trade.
Patrick Industries reported -1% earnings growth in its most recent report, while sales growth came in at 6%. Look for the next report on or around Feb. 6.
The company earns the No. 4 rank among its peers in the Building-Mobile/Manufacturing & RV industry group. REV Group is the No. 1-ranked stock within the group.
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