In a welcome move, Birkenstock Holding saw its Relative Strength Rating rise from 65 to 72 on Monday.
Can You Really Time The Stock Market?
IBD's proprietary rating tracks 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.
Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an RS Rating of over 80 in the early stages of their moves. See if Birkenstock Holding can continue to rebound and clear that threshold.
Birkenstock Holding is trying to complete a cup without handle with a 62.66 buy point. See if the stock can break out in volume at least 40% higher than normal.
The company posted 90% earnings growth last quarter. Sales rose 12%. The next quarterly numbers are expected on or around May 15.
The company earns the No. 1 rank among its peers in the Apparel-Shoes & Related industry group. On Holding and Weyco Group are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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