On Monday, Children's Place earned an upgrade to its Relative Strength (RS) Rating, from 79 to 91.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the best stocks typically have an RS Rating of above 80 at the beginning of a new climb.
Here Are 3 Keys For Successful Stock Investing
While now is not an ideal time to invest, see if the stock goes on to form a chart pattern and break out.
The company posted 0% earnings growth last quarter, while sales growth came in at -8%. Look for the next report on or around Nov. 14.
The company holds the No. 13 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Abercrombie & Fitch, Revolve Group and Burlington Stores are among the top 5 highly rated stocks within the group.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
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!
