In a welcome move, Vista Outdoor stock saw its Relative Strength Rating improve from 69 to 74 on Friday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily tracks share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 as they begin their largest price moves. See if Vista Outdoor stock can continue to rebound and clear that threshold.
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Is Vista Outdoor Stock A Buy?
Vista Outdoor stock broke out earlier, but has fallen back below the prior 30.55 entry from a cup with handle. If a stock you're tracking clears a buy point then declines 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new base and buy point. Also keep in mind that the most recent pattern is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
Although earnings and sales growth came in at -37% and -10%, respectively, in the latest report, that marked two straight quarters of improvement for earnings and two for revenue.
Vista Outdoor stock holds the No. 2 rank among its peers in the Leisure-Products industry group. Vista Outdoor and YETI Holdings are also among the group's highest-rated stocks.
