Gildan Activewear had its Relative Strength (RS) Rating upgraded from 70 to 78 Friday — a welcome improvement, but still short of the 80 or higher score you look for.
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IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the top-performing stocks tend to have an 80 or better RS Rating in the early stages of their moves. See if Gildan Activewear can continue to show renewed price strength and clear that threshold.
Gildan Activewear is now considered extended and out of buy range after clearing a 50.98 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Top and bottom line growth moved higher last quarter. Earnings were up 31%, compared to 0% in the prior report. Revenue increased from 2% to 7%.
The company earns the No. 5 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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