On Monday, Dillard's hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 83, up from 80 the day before.
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This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks often have an RS Rating of at least 80 as they launch their biggest price moves.
Dillard's has moved more than 5% past a 435.17 entry in a first-stage cup with handle, meaning it's now out of a proper buy range. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
Although earnings and sales growth came in at -6% and -2%, respectively, in the latest report, that means earnings have have shown improvement for three straight reports and sales have risen for one.
Dillard's holds the No. 1 rank among its peers in the Retail-Department Stores industry group. Macy's 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.
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