Paccar had its Relative Strength (RS) Rating upgraded from 67 to 75 Thursday — a welcome improvement, but still below the 80 or higher score you prefer to see.
IBD's proprietary RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the best stocks often have an RS Rating north of 80 in the early stages of their moves. See if Paccar can continue to show renewed price strength and clear that threshold.
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Paccar is working on a cup without handle with a 125.50 buy point. See if the stock can break out in heavy volume.
Paccar reported negative growth for both the top and bottom lines last quarter.
Paccar holds the No. 4 rank among its peers in the Trucks & Parts-Heavy Duty industry group. Miller Industries is the top-ranked stock within the group.
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