In a welcome move, Caleres saw its Relative Strength Rating rise from 65 to 75 on Monday.
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.
History shows that the stocks that go on to make the biggest gains often have an RS Rating of over 80 as they begin their largest price moves. See if Caleres can continue to show renewed price strength and clear that threshold.
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Caleres has climbed more than 5% past a 31.13 entry in a first-stage consolidation, meaning it's now out of a proper buy range. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
Caleres reported negative growth for both the top and bottom lines last quarter.
Caleres holds the No. 11 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Abercrombie & Fitch, Burlington Stores and TJX Cos are among the top 5 highly rated stocks within the group.
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