Canada Goose Holdings saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 78 to 81.
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IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the top-performing stocks often have an RS Rating of over 80 in the early stages of their moves.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to form a consolidation and break out.
In terms of top and bottom line numbers, the company has posted two quarters of rising earnings growth. Sales gains have also increased during the same period.
Canada Goose Holdings earns the No. 3 rank among its peers in the Apparel-Clothing Manufacturing industry group. Tapestry 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.
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