RBC Bearings Earns Technical Rating Upgrade

On Monday, RBC Bearings (ROLL) earned an upgrade to its Relative Strength (RS) Rating, from 68 to 72.


When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD’s proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock’s price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.

History shows that the market’s biggest winners tend to have an RS Rating north of 80 in the early stages of their moves. See if RBC Bearings can continue to rebound and hit that benchmark.

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RBC Bearings is trying to complete a flat base with a 206.74 entry. See if the stock can break out in volume at least 40% higher than normal.

Although earnings and sales growth came in at -26% and -18%, respectively, in the latest report, that showed improvement for both EPS and revenue.

The company earns the No. 13 rank among its peers in the Metal-Fabricators industry group. Mueller Industries (MLI) and Aluminum Corporation Of China (ACH) are also among the group’s highest-rated stocks.


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