One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Trinity Industries now clears that threshold, with a jump from 76 to 85 Tuesday.
This exclusive rating from Investor's Business Daily measures share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves.
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While Trinity Industries is not near a proper buy zone right now, see if it manages to form and break out of a proper chart pattern.
While the company's top line growth fell last quarter from 35% to 26%, the bottom line grew 371%, up from 86% in the prior report. Look for the next report on or around Jul. 18.
The company holds the No. 2 rank among its peers in the Transportation-Equipment Manufacturing industry group. Blue Bird is the top-ranked stock within the group.
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