Wolverine World Wide saw a welcome improvement to its Relative Strength (RS) Rating on Monday, with an upgrade from 88 to 92.
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IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the best stocks tend to have an RS Rating north of 80 as they begin their biggest runs.
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 line.
Earnings grew 260% last quarter, up from 0% in the prior report. Revenue also increased, from -6% to 4%. The company is expected to report its latest results on or around Aug. 6.
Wolverine World Wide holds the No. 2 rank among its peers in the Apparel-Shoes & Related industry group. On Holding 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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