One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Rush Enterprises A cleared that benchmark Wednesday, with a jump from 80 to 83 Wednesday.
IBD's unique RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.
Decades of market research shows that the top-performing stocks typically have an 80 or better RS Rating as they begin their biggest price moves.
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While Rush Enterprises A is not near a proper buying range right now, see if it is able to form and break out from a proper consolidation.
In terms of fundamentals, the company has posted three quarters of rising earnings growth. Sales gains have not followed the same trajectory, coming in at -4% in the most recent quarterly report.
The company holds the No. 9 rank among its peers in the Retail/Wholesale-Auto Parts industry group. ACV Auctions, Group 1 Automotive and Lithia Motors are among the top 5 highly rated stocks within the group.
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