Does This Provide a Reason to Buy Rush Enterprises, Inc. (RUSHB)? The Stock Has Formed Bullish Double Top Chart Pattern

June 20, 2017 - By Winifred Garcia

The chart of Rush Enterprises, Inc. (RUSHB) shows a double top with $38.05 target or 9.00 % above today’s $34.91 share price. The 8 months chart pattern indicates low risk for the $1.46 billion company. It was reported on Jun, 20 by Finviz.com. If the $38.05 price target is reached, the company will be worth $131.40 million more. Double tops are rare but powerful chart patterns.

About 7,993 shares traded. Rush Enterprises, Inc. (NASDAQ:RUSHB) has risen 70.07% since June 20, 2016 and is uptrending. It has outperformed by 53.37% the S&P500.

Investors wait Rush Enterprises, Inc. (NASDAQ:RUSHB) to report on July, 25. its quarterly earnings

More notable recent Rush Enterprises, Inc. (NASDAQ:RUSHB) news were published by: Seekingalpha.com which released: “Rush Enterprises – No Real Competitor In Sight” on September 14, 2016, also Bizjournals.com with their article: “Cutting third-quarter expenses helps Rush Enterprises stock hit 52-week high” published on October 28, 2016, Seekingalpha.com published: “Rush Enterprises’ (RUSHA) CEO Rusty Rush on Q4 2016 Results – Earnings Call …” on February 16, 2017. More interesting news about Rush Enterprises, Inc. (NASDAQ:RUSHB) were released by: Seekingalpha.com and their article: “Rush Enterprises’ (RUSHA) CEO Rusty Rush on Q1 2017 Results – Earnings Call …” published on April 25, 2017 as well as Globenewswire.com‘s news article titled: “Rush Enterprises, Inc. Announces Executive Promotions” with publication date: March 29, 2017.

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