Patrick Industries had its Relative Strength (RS) Rating upgraded from 78 to 82 Thursday.
IBD's unique rating identifies share price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the best stocks typically have an 80 or better RS Rating as they begin their biggest climbs.
Hone Your Stock-Picking Skills By Focusing On These Factors
Patrick Industries is building a consolidation with a 148.35 entry. See if the stock can clear the breakout price in volume at least 40% above average.
Patrick Industries showed -1% EPS growth in the latest quarterly report. Revenue rose 6%.
The company holds the No. 4 rank among its peers in the Building-Mobile/Manufacturing & RV industry group. Champion Homes is the top-ranked stock within the group.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
