The Relative Strength (RS) Rating for Signet Jewelers entered a new percentile Thursday, with an increase from 76 to 83.
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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 last 52 weeks matches up against the rest of the market.
Decades of market research reveals that the market's biggest winners often have an RS Rating of over 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 is able to form a chart pattern and break out.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -2% to 6%. Revenue rose from -6% to 2%. The next quarterly numbers are expected on or around Sep. 2.
The company earns the No. 2 rank among its peers in the Retail/Wholesale-Jewelry industry group. Signet Jewelers is the top-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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