On Wednesday, Polaris got a positive adjustment to its Relative Strength (RS) Rating, from 63 to 75.
Can You Really Time The Stock Market?
IBD's proprietary RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matched up against all other stocks.
Over 100 years of market history reveals that the market's biggest winners tend to have an RS Rating of above 80 as they launch their largest climbs. See if Polaris can continue to rebound and hit that benchmark.
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.
Earnings growth declined in the most recent report from 0% to -71%. But revenue gains moved higher, from -12% to -6%.
The company earns the No. 10 rank among its peers in the Leisure-Products industry group. Amer Sports, Acushnet Holdings and Johnson Outdoors Cl A 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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