Rush Enterprises is close to an area that might stop the downward trend.
From a fundamental viewpoint, the company shows positive informations with important growth perspective which are revised upward regularly . Furthermore, the EV/Sales ratio is at 0.44x and it confirms the low valuation of the company.
Technically, the security is in a consolidation area limited by the significant USD 31.9 support and the USD 37.1 resistance. Moreover, the stock is moving into a rising wedge for at least 2 years. Currently next to the support and the lower band of the technical pattern, the timing seems good to buy the stock.
As a result, active investors can take immediately a long position in Rush Enterprises thanks to the close proximity of the USD 31.9 support area. The target price is USD 34.5 and in case of breakout of this level, the second target price would be USD 37. If there is a breakdown of the USD 31.9 support, investors should close their positions.
Rush Enterprises, Inc. is an integrated retailer of commercial vehicles and related services. The Company operates through the Truck Segment, which includes its operation of a network of commercial vehicle dealerships under the name Rush Truck Centers. Rush Truck Centers primarily sell commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, IC Bus, Blue Bird and Dennis Eagle. Through its network of Rush Truck Centers, the Company provides one-stop service for the needs of its commercial vehicle customers, including retail sales of new and used commercial vehicles, aftermarket parts sales, service and repair facilities, financing, leasing and rental, and insurance products. It operates over 125 franchised Rush Truck Centers in 23 states. It also owns and operates over 14 international dealership locations in Ontario. It provides aftermarket parts, service and body shop operations plus financing, insurance, leasing and rental, and chrome accessories and tires.
RUSH ENTERPRISES, INC. 
