On Wednesday, Dillard's reached an important technical milestone, with its Relative Strength (RS) Rating moving into the 80-plus percentile with an upgrade to 82, a rise from 73 the day before.
IBD's unique 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.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an RS Rating of above 80 as they launch their biggest runs.
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Dillard's is working on a consolidation with a 476.48 buy point. See if it can clear the breakout price in volume at least 40% above average.
Although earnings and sales growth came in at -17% and -4%, respectively, in the latest report, that showed improvement for both EPS and revenue.
The company holds the No. 2 rank among its peers in the Retail-Department Stores industry group. Nordstrom is the No. 1-ranked stock within the group.
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