In a welcome move, BJ's Wholesale Club saw its Relative Strength Rating rise from 68 to 71 on Wednesday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks tend to have an 80 or higher RS Rating in the early stages of their moves. See if BJ's Wholesale Club can continue to rebound and clear that threshold.
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BJ's Wholesale Club is building a consolidation with a 78.88 entry. After recently clearing the 200-day MA the stock has moved higher. See if the stock can continue and then clear the breakout price in volume at least 40% above average.
BJ's Wholesale Club posted negative growth for both the top and bottom lines last quarter.
BJ's Wholesale Club holds the No. 3 rank among its peers in the Retail-Discount & Variety industry group. Ollie's Bargain Outlet is also among the group's highest-rated stocks.
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