The Relative Strength (RS) Rating for Blue Bird entered a new percentile Monday, as it got a lift from 61 to 78.
This proprietary rating identifies market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the market's biggest winners tend to have an RS Rating of at least 80 as they launch their largest price moves. See if Blue Bird can continue to show renewed price strength and clear that threshold.
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Blue Bird has moved more than 5% past a 28.39 entry in a third-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings growth slowed last quarter from 107% to 17%. But sales moved higher, from 13% to 16%. The next quarterly numbers are expected on or around Feb. 5.
Blue Bird earns the No. 5 rank among its peers in the Transportation-Equipment Manufacturing industry group. Wabtec is the No. 1-ranked stock within the group.
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