On Tuesday, Gap Inc got an upgrade to its Relative Strength (RS) Rating, from 69 to 85.
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This unique rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks matches up against the rest of the market.
History shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves.
Gap Inc is not currently near a potential buy zone. See if the stock goes on to build a promising consolidation that could kick off a new climb.
The company showed 10% earnings growth in the latest quarterly report, while sales growth came in at -3%. Keep an eye out for the company's next round of numbers on or around May 29.
Gap Inc holds the No. 7 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Urban Outfitters, Boot Barn Holdings and TJX Cos 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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