On Tuesday, Academy Sports & Outdoors stock earned a positive adjustment to its Relative Strength (RS) Rating, from 67 to 76.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily tracks share price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an RS Rating of at least 80 in the early stages of their moves. See if Academy Sports & Outdoors stock can continue to show renewed price strength and hit that benchmark.
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Is Academy Sports & Outdoors Stock A Buy?
Academy Sports & Outdoors stock is building a consolidation with a 69.02 entry. See if the stock can clear the breakout price in heavy trade.
The sports and outdoor retailer posted negative growth for both the top and bottom lines last quarter. Academy Sports & Outdoors is expected to release its next quarterly numbers on or around Sep. 7.
Academy Sports & Outdoors stock holds the No. 5 rank among its peers in the Retail-Leisure Products industry group. Build-A-Bear Workshop and Winmark are also among the group's highest-rated stocks.
