On Monday, Crocs stock got a positive adjustment to its Relative Strength (RS) Rating, from 67 to 78.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the best stocks typically have an RS Rating of over 80 in the early stages of their moves. See if Crocs stock can continue to show renewed price strength and clear that threshold.
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Is Crocs Stock A Buy?
Crocs stock dipped below its 200-day moving average last week. While the plastic shoe maker reported solid Q2 earnings results, sales from its Hey Dude brand were weak. Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the lifestyle shoe maker stock manages to form a consolidation and break out.
The plastic shoe maker firm showed 11% earnings growth in the latest quarterly report, while sales growth came in at 11%.
Crocs stock holds the No. 4 rank among its peers in the Apparel-Shoes & Related industry group. Deckers Outdoor and Skechers USA Cl A are also among the group's highest-rated stocks.
