RBC Bearings saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 70 to 75.
IBD's proprietary rating measures price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior 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 of above 80 in the early stages of their moves. See if RBC Bearings can continue to show renewed price strength and hit that benchmark.
Can You Really Time The Stock Market?
RBC Bearings is within a buy zone after climbing above a 309.00 entry in a consolidation. The proper buying range is up to 5% above the initial entry. Once a stock moves above that range, it's best to wait for it to set up another buying opportunity..
The company posted 6% EPS growth in its most recent report, while sales growth came in at 3%.
The company earns the No. 3 rank among its peers in the Metal-Fabricators industry group. Mueller Industries is the top-ranked stock within the group.
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