The Relative Strength (RS) Rating for Blue Bird moved into a new percentile Tuesday, as it got a lift from 63 to 75.
This exclusive rating from Investor's Business Daily identifies share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the market's biggest winners typically have an 80 or higher RS Rating in the early stages of their moves. See if Blue Bird can continue to show renewed price strength and hit that benchmark.
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Blue Bird is now considered extended and out of buy range after clearing a 28.39 buy point in a third-stage cup with handle. 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-per-share growth fell last quarter from 107% to 17%, but the top line rose from 13% to 16%.
Blue Bird holds the No. 6 rank among its peers in the Transportation-Equipment Manufacturing industry group. Trinity Industries, Wabtec and Greenbrier are among the top 5 highly rated stocks within the group.
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