When putting together your watch list, look for stocks with an 80 or higher RS Rating. Canada Goose Holdings stock is one stock that just reached the mark, now earning a score of 86.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matches up against the rest of the market.
Decades of market research reveals that the market's biggest winners tend to have an RS Rating of above 80 in the early stages of their moves.
Is Canada Goose Holdings Stock A Buy?
Canada Goose Holdings stock gave up some recent gains on Thursday. While the stock is not near an ideal buy zone right now, see if apparel maker goes on to form and break out of a proper base.
Earnings growth dropped in the company's latest report from 74% to 0%, but sales rose from 7% to 22%.
Canada Goose Holdings stock earns the No. 4 rank among its peers in the Apparel-Clothing Manufacturing industry group. Tapestry is the top-ranked stock within the group.
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