Boot Barn Holdings stock saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 80 to 83.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique RS Rating identifies market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.
Decades of market research shows that the market's biggest winners typically have an RS Rating of above 80 in the early stages of their moves.
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Is Boot Barn Holdings Stock A Buy?
Boot Barn Holdings stock is working on a cup without handle with a 104.91 entry. See if the lifestyle retailer stock can break out in heavy trade. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Earnings growth increased last quarter from -14% to 4%, but revenue fell from 7% to 1%.
Boot Barn Holdings stock holds the No. 8 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Urban Outfitters and lululemon athletica are also among the group's highest-rated stocks.
