On Wednesday, Buckle cleared an important technical benchmark, with its Relative Strength (RS) Rating entering into the 80-plus percentile with an improvement to 84, a rise from 78 the day before.
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This unique rating measures market leadership by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
History reveals that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 as they launch their biggest runs.
Buckle has risen more than 5% past a 44.14 entry in a first-stage cup with handle, meaning it's now out of a proper buy range. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
Regarding fundamentals, the company has posted rising EPS growth over the last two quarters. Top line growth has also increased over the same time frame.
The company earns the No. 4 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Urban Outfitters is the No. 1-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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