Foot Locker stock saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, rising from 63 to 76.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks typically have an RS Rating north of 80 as they launch their largest climbs. See if Foot Locker stock can continue to rebound and clear that threshold.
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Is Foot Locker Stock A Buy?
Foot Locker stock is building a consolidation with a 32.84 buy point. See if it can break out in volume at least 40% above average.
Although earnings and sales growth came in at -76% and -9%, respectively, in the latest report, that marked one quarter of improvement for earnings and two for the top line. The footwear retailer is expected to release its next quarterly numbers on or around Mar. 6.
Foot Locker stock holds the No. 21 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. lululemon athletica and Urban Outfitters are also among the group's highest-rated stocks.
