On Tuesday, Foot Locker stock reached an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 81, up from 77 the day before.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's proprietary rating tracks share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best stocks tend to have an 80 or better RS Rating as they launch their biggest price moves.
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Is Foot Locker Stock A Buy?
Foot Locker stock is trading in a consolidation but is not currently showing a potential buy point. See if the stock goes on to form a promising consolidation that could spark a new run.
Although earnings and sales growth came in at -34% and -1%, respectively, in the latest report, that marked acceleration for both earnings-per-share and sales.
Foot Locker stock earns the No. 10 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Buckle and Ross Stores are also among the group's highest-rated stocks.
