On Thursday, Polaris reached an important technical milestone, with its Relative Strength (RS) Rating moving into the 80-plus percentile with an improvement to 83, an increase from 75 the day before.
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This proprietary rating tracks market leadership by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
Over 100 years of market history shows that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 in the early stages of their moves.
Polaris is not currently near a potential buying area. See if the stock goes on to form a chart pattern that could spark a new run.
Earnings growth dropped in the most recent quarter from 0% to -71%. But revenue gains moved higher, from -12% to -6%.
Polaris holds the No. 10 rank among its peers in the Leisure-Products industry group. Amer Sports, Acushnet Holdings and Johnson Outdoors Cl A 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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