In a welcome move, La-Z-Boy saw its Relative Strength Rating improve from 61 to 72 on Friday.
When To Sell Stocks To Lock In Profits And Minimize Losses
This unique rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks compares to the rest of the market.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of above 80 in the early stages of their moves. See if La-Z-Boy can continue to show renewed price strength and clear that threshold.
La-Z-Boy is working on a consolidation with a 48.30 buy point. See if it can break out in heavy volume.
Earnings grew 1% last quarter, up from -4% in the prior report. Revenue also increased, from 2% to 4%.
La-Z-Boy holds the No. 1 rank among its peers in the Retail-Home Furnishings industry group. Williams-Sonoma and RH are also among the group's highest-rated stocks.
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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