Blue Bird saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, with an increase from 88 to 91.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks often have an RS Rating north of 80 in the early stages of their moves.
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Blue Bird is building a consolidation with a 59.40 entry. See if it can clear the breakout price in volume at least 40% higher than normal. Be aware that it's a fourth-stage base. Such patterns do sometimes lead to significant gains, but they're more likely to fail than earlier-stage consolidations.
The company showed 107% EPS growth in its most recent report, while sales growth came in at 13%.
Blue Bird holds the No. 4 rank among its peers in the Transportation-Equipment Manufacturing industry group. Trinity Industries is the top-ranked stock within the group.
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