One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Polaris just hit that mark, with a jump from 77 to 82 Friday.
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This proprietary rating measures technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the top-performing stocks often have an 80 or better RS Rating in the early stages of their moves.
Polaris is still inside a buying range after breaking past a 61.28 buy point in a consolidation. Once a stock moves 5% or higher beyond the original entry, it's considered extended and out of buy range.
Earnings growth declined in the most recent quarter from 0% to -71%. But sales moved higher, from -12% to -6%. The next quarterly numbers are expected on or around Oct. 28.
Polaris holds the No. 10 rank among its peers in the Leisure-Products industry group. Amer Sports, Acushnet Holdings and Johnson Outdoors Cl A 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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