One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Canada Goose Holdings cleared that benchmark Thursday, with a jump from 74 to 84 Thursday.
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IBD's proprietary RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matches up against the rest of the market.
History reveals that the best-performing stocks typically have an RS Rating of at least 80 in the early stages of their moves.
Canada Goose Holdings is not currently near a potential buying area. See if the stock goes on to form a sound pattern that could launch a new move.
In terms of top and bottom line numbers, Canada Goose Holdings has posted two quarters of rising earnings growth. Revenue growth has also risen over the same time frame.
The company earns the No. 3 rank among its peers in the Apparel-Clothing Manufacturing industry group. Tapestry is the top-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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