In a welcome move, Warby Parker saw its Relative Strength Rating rise from 70 to 74 on Monday.
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IBD's unique RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matched up against all other stocks.
History shows that the best stocks often have an 80 or higher RS Rating in the early stages of their moves. See if Warby Parker can continue to show renewed price strength and clear that threshold.
Warby Parker is now considered extended and out of buy range after clearing a 17.95 buy point in a first-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Warby Parker reported 0% earnings growth in the latest quarterly report. Revenue rose 12%.
The company holds the No. 7 rank among its peers in the Retail-Specialty industry group. RB Global, Regis and Ulta Beauty 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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