On Tuesday, Polaris earned an upgrade to its Relative Strength (RS) Rating, from 71 to 82.
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This proprietary rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matches up against that of all other stocks.
History reveals that the stocks that go on to make the biggest gains often have an RS Rating of above 80 in the early stages of their moves.
Polaris is now considered extended and out of buy range after clearing a 61.28 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.
Earnings-per-share growth decreased in the company's latest report from 0% to -71%, but revenue rose from -12% to -6%. Keep an eye out for the company's next round of numbers on or around Oct. 28.
Polaris earns the No. 9 rank among its peers in the Leisure-Products industry group. Acushnet Holdings, Johnson Outdoors Cl A and Amer Sports are among the top 5 highly rated stocks 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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