On Thursday, Warby Parker reached an important technical milestone, with its Relative Strength (RS) Rating moving into the 90-plus percentile with an improvement to 93, up from 90 the day before.
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This unique rating measures technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the best stocks often have an RS Rating of over 80 as they begin their largest price moves.
Warby Parker is now considered extended and out of buy range after clearing a 17.95 buy point in a first-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Warby Parker showed 0% EPS growth in its most recent report. Revenue increased 14%.
The company holds the No. 2 rank among its peers in the Retail-Specialty industry group. Ulta Beauty 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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