One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Wolverine World Wide stock now clears that threshold, with a jump from 77 to 83 Thursday.
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This proprietary rating identifies technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they begin their biggest price moves.
Is Wolverine World Wide Stock A Buy?
Wolverine World Wide stock trading right below its 200-day moving average and is not in a proper buying range. 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 line.
Earnings grew 260% last quarter, up from 0% in the prior report. Revenue also increased, from -6% to 4%.
Wolverine World Wide stock earns the No. 3 rank among its peers in the Apparel-Shoes & Related industry group. Birkenstock Holding is the No. 1-ranked stock within the group.
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