One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Rush Enterprises A cleared that benchmark Friday, with a jump from 78 to 81 Friday.
This exclusive rating from Investor's Business Daily tracks price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the top-performing stocks often have an RS Rating of over 80 as they launch their biggest price moves.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock manages to offer and clear an appropriate buy point.
In terms of fundamentals, Rush Enterprises A has posted three quarters of accelerating earnings growth. Revenue gains have been less impressive, coming in at -4% last quarter.
The company earns the No. 11 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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