Amer Sports saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, with an upgrade from 70 to 74.
How To Invest In Stocks In Both Bull And Bear Markets
IBD's proprietary rating tracks share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an RS Rating of at least 80 as they begin their largest climbs. See if Amer Sports can continue to rebound and clear that threshold.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock manages to establish and enter a buying range in heavy volume.
Amer Sports posted 20% EPS growth in the latest quarterly report. Sales gains came in at 23%.
The company holds the No. 3 rank among its peers in the Leisure-Products industry group. Acushnet Holdings 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.
RELATED:
Which Stocks Are Showing Rising Relative Strength?
