One important metric to look for in a stock is an 80 or higher Relative Strength Rating. BRP cleared that benchmark Wednesday, with a jump from 80 to 83 Wednesday.
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IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matches up against the rest of the market.
Over 100 years of market history shows that the stocks that go on to make the biggest gains typically have an RS Rating of above 80 as they launch their biggest climbs.
While the stock is not near a proper buying range right now, see if it is able to form and break out from a proper consolidation.
Earnings growth dropped in the most recent report from -65% to -70%. But revenue moved higher, from -20% to -8%. Look for the next report on or around Aug. 28.
The company earns the No. 7 rank among its peers in the Leisure-Products industry group. Amer Sports, Acushnet Holdings and Johnson Outdoors Cl A are among the top 5 highly rated stocks 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.
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