BJ's Wholesale Club saw a welcome improvement to its Relative Strength (RS) Rating on Monday, rising from 69 to 76.
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 in the early stages of their moves. See if BJ's Wholesale Club can continue to rebound and clear that threshold.
When To Sell Stocks To Lock In Profits And Minimize Losses
BJ's Wholesale Club broke out earlier, but has fallen back below the prior 88.79 entry from a cup with handle. If a stock you're tracking clears a buy point then retreats 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new consolidation and breakout. Also understand that the most recent consolidation is a later-stage base, and those involve more risk.
Top and bottom line growth moved higher last quarter. Earnings were up 10%, compared to 0% in the prior report. Revenue increased from 4% to 5%. The next quarterly results are expected on or around Nov. 21.
The company earns the No. 1 rank among its peers in the Retail-Discount & Variety industry group. Ollie's Bargain Outlet and MINISO Group Holding ADR are also among the group's highest-rated stocks.
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