Arhaus saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, rising from 77 to 85.
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This proprietary rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matches up against that of all other stocks.
History reveals that the best-performing stocks tend to have an RS Rating of at least 80 in the early stages of their moves.
Arhaus is working on a cup without handle with a 13.02 buy point. See if the stock can clear the breakout price in heavy trading.
Earnings grew 56% last quarter, up from -73% in the prior report. Revenue also increased, from 5% to 16%.
The company holds the No. 1 rank among its peers in the Retail-Home Furnishings industry group. Williams-Sonoma and Ethan Allen are also among the group's highest-rated stocks.
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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