IBD Rating Upgrades: Under Armour Shows Improved Technical Strength

Under Armour (UA) saw a welcome improvement to its Relative Strength (RS) Rating on Monday, with an upgrade from 69 to 73.


As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.

This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock’s price action over the last 52 weeks matched up against all other stocks.

Decades of market research shows that the top-performing stocks often have an RS Rating north of 80 as they launch their biggest price moves. See if Under Armour can continue to show renewed price strength and clear that threshold.

Looking For Winning Stocks? Try This Simple Routine

Now is not an ideal time to jump in since it isn’t near a proper buy zone, but see if the stock manages to establish and enter a buying range in heavy trade.

Earnings grew 147% last quarter, up from 20% in the prior report. Revenue also increased, from -3% to 35%.

Under Armour earns the No. 15 rank among its peers in the Apparel-Clothing Manufacturing industry group. Canada Goose (GOOS) and Kontoor Brands (KTB) are also among the group’s highest-rated stocks.


IBD Stock Rating Upgrades: Rising Relative Strength

Why Should You Use IBD’s Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock

Identify Bases And Buy Points With Pattern Recognition From MarketSmith

Most Related Links :
verity news now Governmental News Finance News

Source link

Back to top button