On Monday, popular running shoes maker On Holding got a rating upgrade that pushed its stock into an elite group of top-performing stocks. The Relative Strength (RS) Rating, for On climbed to 82, up from from 77 the prior trading day.
The upgraded 82 RS Rating shows that On Holding tops 82% of all other stocks for price performance this past year. It's notable because market research shows that the market's biggest winners typically have an RS Rating north of 80 as they launch their biggest climbs.
On Holding stock rose on Monday, its eighth close higher of the last nine trading sessions. In January
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On Holding is not currently showing a potential buy point. See if the stock goes on to build a chart pattern that could launch a new move.
Earnings growth rose last quarter from -18% to 0%. But revenue gains fell from 43% to 26%. Keep an eye out for the company's next round of numbers on or around May 13.
The company earns the No. 1 rank among its peers in the Apparel-Shoes & Related industry group. Birkenstock Holding and Weyco Group are also among the group's highest-rated stocks.
This exclusive rating from Investor's Business Daily tracks 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.
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.
Please follow James DeTar on Twitter @JimDeTar
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