On Tuesday, YETI Holdings saw a positive adjustment to its Relative Strength (RS) Rating, from 80 to 83. That's a positive sign while the stock market outlook is uptrend under pressure.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This proprietary rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matches up against that of all other stocks.
Decades of market research reveals that the market's biggest winners tend to have an RS Rating north of 80 as they begin their biggest runs.
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Is YETI Holdings Stock A Buy?
YETI Holdings stock has been trading in a flat base in the last nine months. Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the leisure stock manages to offer and clear a proper buy point. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
While revenue growth fell last quarter from 3% to -4%, EPS grew -10%, up from -44% in the previous report. The next quarterly results are expected on or around Nov. 9.
The cooler maker holds the No. 4 rank among its peers in the Leisure-Products industry group. BRP and Acushnet Holdings are also among the group's highest-rated stocks.
