On Friday, Amer Sports received a positive adjustment to its Relative Strength (RS) Rating, from 89 to 92.
This unique rating measures technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an RS Rating of above 80 at the beginning of a new climb.
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Amer Sports has moved more than 5% past an 18.23 entry in a first-stage cup without handle, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings growth slowed last quarter from 100% to 0%. But sales moved higher, from 13% to 16%. The company is expected to report its latest numbers on or around Nov. 19.
The company earns the No. 2 rank among its peers in the Leisure-Products industry group. Amer Sports is the top-ranked stock within the group.
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