Boot Barn Holdings saw a positive improvement to its Relative Strength (RS) Rating on Friday, with an upgrade from 75 to 90.
How To Use Stock Charts To Stay Profitable And Protected
This exclusive rating from Investor's Business Daily identifies share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the best stocks often have an 80 or better RS Rating in the early stages of their moves.
While Boot Barn Holdings is not near a proper buying range right now, see if it goes on to form and break out of a proper consolidation.
The company showed 21% earnings growth last quarter. Sales rose 17%.
Boot Barn Holdings holds the No. 2 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Urban Outfitters is the top-ranked stock within the group.
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.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!