In a welcome move, Signet Jewelers saw its Relative Strength Rating improve from 67 to 73 on Friday.
Can You Really Time The Stock Market?
This proprietary rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the market's biggest winners often have an 80 or better RS Rating in the early stages of their moves. See if Signet Jewelers can continue to rebound and clear that threshold.
Signet Jewelers is not currently near a potential buy zone. See if the stock goes on to form a base that could spark a new run.
Top and bottom line growth moved higher last quarter. Earnings were up 6%, compared to -2% in the prior report. Revenue increased from -6% to 2%.
The company earns the No. 1 rank among its peers in the Retail/Wholesale-Jewelry industry group. Movado Group and are also among the group's highest-rated stocks.
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.
RELATED:
Retail Industry News And Stocks To Watch
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
