Rush Enterprises Continues Move Up With RS Rating Jump To 82

When looking for the best stocks to buy and watch, focus on those with rising relative price strength.

One stock that fits that bill is Rush Enterprises (RUSHA), which had its Relative Strength (RS) Rating upgraded from 79 to 82 Tuesday.


When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.

IBD’s unique rating identifies price action with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price performance over the trailing 52 weeks holds up against all the other stocks in our database.

History reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they begin their biggest runs.

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Rush Enterprises is now considered extended and out of buy range after clearing a 47.45 buy point in a second-stage cup without 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 line.

The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -14% to 71%. Revenue rose from -26% to -4%. Keep an eye out for the company’s next round of numbers on or around Apr. 22.

Rush Enterprises holds the No. 11 rank among its peers in the Retail/Wholesale-Auto Parts industry group. Asbury Automotive (ABG) and Lithia Motors (LAD) are also among the group’s highest-rated stocks.

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