In a welcome move, Arhaus saw its Relative Strength Rating rise from 68 to 72 on Friday.
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This unique rating identifies market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History shows that the best-performing stocks typically have an RS Rating of above 80 in the early stages of their moves. See if Arhaus can continue to rebound and clear that threshold.
Arhaus is building a cup with handle with a 12.98 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 56%, compared to -73% in the prior report. Revenue increased from 5% to 16%.
The company earns the No. 1 rank among its peers in the Retail-Home Furnishings industry group. Williams-Sonoma and Haverty Furniture A 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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