On Friday, Patrick Industries hit a noteworthy performance benchmark, with its Relative Strength (RS) Rating rising into the 80-plus percentile with an upgrade to 82, a rise from 76 the day before.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
History shows that the top-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves.
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Patrick Industries is building a consolidation with a 98.91 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.
EPS growth decreased last quarter from -1% to -45%, but the top line rose from 6% to 8%.
Patrick Industries holds the No. 4 rank among its peers in the Building-Mobile/Manufacturing & RV industry group. Cavco Industries is the top-ranked stock 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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