The Relative Strength (RS) Rating for Boot Barn Holdings stock entered a new percentile Thursday, with an increase from 78 to 83.
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This unique rating identifies technical performance by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
History shows that the market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves.
Is Boot Barn Holdings Stock A Buy?
Boot Barn Holdings stock is trading tightly along its 20- and 50-day moving averages, a good sign. Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the retail stock is able to offer and clear a proper buy point.
Top and bottom line growth moved higher last quarter. Earnings were up 45%, compared to 21% in the prior report. Revenue increased from 17% to 19%.
Boot Barn Holdings stock earns the No. 2 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Urban Outfitters is the No. 1-ranked stock within the group.
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