Buckle Scores Relative Strength Rating Upgrade; Hits Key Benchmark
Clothing retailers have been feeling the love from consumers who have been buying clothes to work from home, for the great outdoors and, more recently, to return to the office during the pandemic. One stock that's been doing well is young men's and women's apparel retailer Buckle. On Wednesday, Buckle stock's Relative Strength (RS) Rating upgraded from 80 to 83.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the best stocks typically have an RS Rating of at least 80 as they launch their biggest runs.
While the stock is not near an ideal buying range right now, see if it goes on to form and break out of a proper consolidation.
Earnings growth increased in the company's latest report from 0% to 46%, but revenue fell from 159% to 37%.
The company holds the No. 4 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Lululemon Athletica and Revolve Group are also among the group's highest-rated stocks.