Gildan Activewear had its Relative Strength (RS) Rating upgraded from 79 to 82 Friday.
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This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners often have an 80 or higher RS Rating in the early stages of their moves.
Gildan Activewear has risen more than 5% past a 50.98 entry in a first-stage cup with handle, meaning it's now out of a proper buy range. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings grew 31% last quarter, up from 0% in the prior report. Revenue also increased, from 2% to 7%.
Gildan Activewear holds the No. 3 rank among its peers in the Apparel-Clothing Manufacturing industry group. Ralph Lauren Cl A 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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