On Thursday, Birkenstock Holding got a positive adjustment to its Relative Strength (RS) Rating, from 78 to 81.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they begin their biggest climbs.
Risk Management In The Stock Market: How Much Money To Invest Now
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 offer and clear an appropriate buy point.
Earnings grew 129% last quarter, up from 13% in the prior report. Revenue also increased, from 17% to 28%. Look for the next report on or around Feb. 20.
The company holds the No. 1 rank among its peers in the Apparel-Shoes & Related industry group. On Holding and Weyco Group are also among the group's highest-rated stocks.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!