Buckle had its Relative Strength (RS) Rating upgraded from 70 to 74 Tuesday — a welcome improvement, but still shy of the 80 or better score you look for.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating in the early stages of their moves. See if Buckle can continue to rebound and clear that threshold.
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Buckle is working on a cup with handle with a 44.68 entry. See if the stock can break out in volume at least 40% above average.
Although earnings and sales growth came in at -15% and -3%, respectively, in the latest report, that showed improvement for both earnings-per-share and sales. Buckle is expected to report its next quarterly numbers on or around Nov. 15.
The company holds the No. 10 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Abercrombie & Fitch, Burlington Stores and TJX Cos are among the top 5 highly rated stocks within the group.
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