On Wednesday, RBC Bearings earned a positive adjustment to its Relative Strength (RS) Rating, from 77 to 82.
IBD's unique RS Rating tracks market leadership by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
History shows that the market's biggest winners often have an 80 or better RS Rating as they launch their biggest runs.
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RBC Bearings is building a cup without handle with a 346.77 buy point. See if the stock can break out in volume at least 40% higher than normal.
The company showed 6% EPS growth last quarter. Sales gains came in at 3%. Look for the next report on or around Jan. 31.
The company earns the No. 4 rank among its peers in the Metal-Fabricators industry group. Mueller Industries is the No. 1-ranked stock within the group.
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