In a welcome move, Columbia Sportswear saw its Relative Strength Rating improve from 68 to 75 on Monday.
IBD's proprietary RS Rating tracks market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks often have an RS Rating of above 80 as they launch their largest climbs. See if Columbia Sportswear can continue to rebound and clear that threshold.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to offer and clear a proper buy point.
Although earnings and sales growth came in at -4% and -6%, respectively, in the latest report, that marked acceleration for both the top and bottom lines.
Columbia Sportswear earns the No. 7 rank among its peers in the Apparel-Clothing Manufacturing industry group. Ralph Lauren Cl A, Gildan Activewear and Levi Strauss are among the top 5 highly rated stocks within the group.
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