One important metric to look for in a stock is an 80 or higher Relative Strength Rating. RB Global now clears that threshold, with a jump from 78 to 83 Monday.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
History reveals that the best stocks often have an 80 or higher RS Rating in the early stages of their moves.
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RB Global has moved more than 5% past an 87.45 entry in a first-stage flat base, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company reported negative growth for both sales and earnings last quarter.
RB Global holds the No. 1 rank among its peers in the Retail-Specialty industry group. Regis and Warby Parker are also among the group's highest-rated stocks.
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