On Monday, REV Group reached an important technical milestone, with its Relative Strength (RS) Rating entering into the 90-plus percentile with an improvement to 91, up from 88 the day before.
This proprietary rating tracks market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the market's biggest winners tend to have an 80 or higher RS Rating as they launch their largest runs.
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REV Group is trying to complete a consolidation with a 36.00 entry. See if the stock can clear the breakout price in heavy volume.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -4% to 60%. Revenue rose from -14% to -10%.
REV Group earns the No. 3 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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