When putting together your watch list, look for stocks with an 80 or higher RS Rating. Academy Sports & Outdoors just cleared that benchmark with an upgrade from 78 to 83.
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This exclusive rating from Investor's Business Daily tracks share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the best stocks often have an RS Rating north of 80 in the early stages of their moves.
Academy Sports & Outdoors is building a with a 57.06 buy point. See if the stock can clear the breakout price in heavy trade.
While earnings growth dropped in the company's most recently reported quarter from -11% to -30%, revenue grew -1%, up from -7% in the prior report. The company is expected to report its latest results on or around Sep. 2.
The company earns the No. 4 rank among its peers in the Retail-Leisure Products industry group. Build-A-Bear Workshop is the No. 1-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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