Kontoor Brands saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, with an increase from 70 to 74.
Can You Really Time The Stock Market?
IBD's proprietary rating identifies price movement 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 shows that the market's biggest winners often have an RS Rating north of 80 as they launch their biggest runs. See if Kontoor Brands can continue to rebound and clear that threshold.
Kontoor Brands is building a cup without handle with a 96.80 buy point. See if the stock can clear the breakout price in heavy trade.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 23%, compared to 3% in the prior report. Revenue increased from -1% to 8%.
The company holds the No. 6 rank among its peers in the Apparel-Clothing Manufacturing industry group. Ralph Lauren Cl A, Tapestry and Levi Strauss 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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