Gildan Activewear saw a welcome improvement to its Relative Strength (RS) Rating on Friday, with an upgrade from 70 to 75.
How To Invest In Stocks In Both Bull And Bear Markets
IBD's proprietary RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks compares to the rest of the market.
Over 100 years of market history shows that the top-performing stocks often have an RS Rating of above 80 as they begin their largest price moves. See if Gildan Activewear can continue to rebound and hit that benchmark.
Gildan Activewear is working on a cup with handle with a 50.98 buy point. See if the stock can clear the breakout price in heavy volume.
Gildan Activewear reported 0% earnings growth in its most recent report. Sales rose 2%.
The company earns the No. 6 rank among its peers in the Apparel-Clothing Manufacturing industry group. Tapestry, Ralph Lauren Cl A and Canada Goose Holdings 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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