One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Wolverine World Wide now clears that threshold, with a jump from 79 to 85 Friday.
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This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the market's biggest winners tend to have an 80 or higher RS Rating as they launch their biggest climbs.
Wolverine World Wide is now considered extended and out of buy range after clearing a 15.23 buy point in a second-stage cup without handle. 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 moving average.
Top and bottom line growth moved higher last quarter. Earnings were up 260%, compared to 0% in the prior report. Revenue increased from -6% to 4%.
Wolverine World Wide holds the No. 3 rank among its peers in the Apparel-Shoes & Related industry group. Birkenstock Holding is the top-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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