REV Group saw a positive improvement to its Relative Strength (RS) Rating on Thursday, rising from 90 to 94.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best-performing stocks typically have an RS Rating of over 80 at the beginning of a new climb.
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REV Group is now considered extended and out of buy range after clearing a 31.85 buy point in a first-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings growth declined in the most recent quarter from 37% to -4%. But revenue gains moved higher, from -15% to -14%.
The company holds the No. 2 rank among its peers in the Building-Mobile/Manufacturing & RV industry group. Champion Homes is the top-ranked stock within the group.
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