On Monday, Rush Enterprises A cleared an important technical benchmark, with its Relative Strength (RS) Rating entering into the 80-plus percentile with an upgrade to 81, an increase from 78 the day before.
IBD's unique RS Rating tracks technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.
History reveals that the best stocks often have an 80 or better RS Rating in the early stages of their moves.
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Rush Enterprises A is trying to complete a consolidation with a 65.15 entry. See if the stock can break out in heavy trading.
In terms of fundamentals, Rush Enterprises A has posted three quarters of rising earnings growth. Revenue gains have been a different story, coming in at -4% in the latest report. The company is expected to report its next quarterly numbers on or around Feb. 18.
Rush Enterprises A earns the No. 11 rank among its peers in the Retail/Wholesale-Auto Parts industry group. ACV Auctions, Group 1 Automotive and Asbury Automotive are among the top 5 highly rated stocks within the group.
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