Abercrombie & Fitch had its Relative Strength (RS) Rating upgraded from 74 to 81 Monday.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
History reveals that the best stocks often have an RS Rating of over 80 in the early stages of their moves.
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Abercrombie & Fitch is now considered extended and out of buy range after clearing a 140.28 buy point in a second-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.
Abercrombie & Fitch showed 127% earnings growth in the latest quarterly report, while sales growth came in at 21%. The company is expected to report its latest performance numbers on or around Nov. 26.
Abercrombie & Fitch holds the No. 1 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Burlington Stores and Revolve Group are also among the group's highest-rated stocks.
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