On Holding saw an improvement in its IBD SmartSelect Composite Rating Wednesday, from 94 to 96.
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The new score indicates the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
On Holding is currently forming a cup without handle, with a 64.05 entry. See if the stock can break out in heavy trade at least 40% above average.
The stock has an 88 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 88% of all stocks.
Its Accumulation/Distribution Rating of A- shows heavy buying by institutional investors, such as mutual funds and pension funds, over the last 13 weeks.
In Q1, the company reported -35% earnings growth. Sales growth increased 46%, up from 26% in the prior quarter. That marks one quarter of rising revenue increases.
On Holding holds the No. 1 rank among its peers in the Apparel-Shoes & Related industry group. Birkenstock Holding and Crocs are also among the group's highest-rated stocks.
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