One important metric to look for in a stock is an 80 or higher Relative Strength Rating. On Holding cleared that benchmark Monday, with a jump from 74 to 82 Monday.
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IBD's proprietary RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matches up against the rest of the market.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to establish and enter a buying range in heavy trade.
Earnings growth slowed last quarter from 0% to -35%. But revenue gains moved higher, from 26% to 46%.
The company holds the No. 2 rank among its peers in the Apparel-Shoes & Related industry group. Birkenstock Holding is the No. 1-ranked stock 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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