Blue Bird had its Relative Strength (RS) Rating upgraded from 69 to 79 Thursday — a welcome improvement, but still below the 80 or better score you look for.
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
History reveals that the top-performing stocks typically have an RS Rating of over 80 in the early stages of their moves. See if Blue Bird can continue to show renewed price strength and clear that threshold.
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Blue Bird has risen more than 5% past a 28.39 entry in a third-stage cup with handle, meaning it's now out of a proper buy range. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
The company posted 107% EPS growth last quarter. Sales rose 13%. Look for the next report on or around Nov. 25.
Blue Bird holds the No. 4 rank among its peers in the Transportation-Equipment Manufacturing industry group. Trinity Industries is the No. 1-ranked stock within the group.
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