In a welcome move, Rush Enterprises A saw its Relative Strength Rating improve from 69 to 77 on Thursday.
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
History shows that the best stocks tend to have an RS Rating north of 80 as they launch their biggest climbs. See if Rush Enterprises A can continue to show renewed price strength and clear that threshold.
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While the stock is not near an ideal buy point right now, see if it goes on to form and break out of a proper base.
Earnings growth fell last quarter from 2% to -4%, but sales rose from -4% to -1%.
Rush Enterprises A earns the No. 8 rank among its peers in the Retail/Wholesale-Auto Parts industry group. OPENLANE, Group 1 Automotive and Carvana Cl A are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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