In a welcome move, Signet Jewelers saw its Relative Strength Rating rise from 62 to 75 on Thursday.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best stocks typically have an 80 or higher RS Rating as they begin their largest runs. See if Signet Jewelers can continue to show renewed price strength and clear that threshold.
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Signet Jewelers is building a cup with handle with a 103.48 buy point. See if the stock can break out in heavy trading.
Although earnings and sales growth came in at -19% and -8%, respectively, in the latest report, that marked acceleration for both EPS and revenue. Signet Jewelers is expected to release its next quarterly numbers on or around Dec. 5.
Signet Jewelers holds the No. 2 rank among its peers in the Retail/Wholesale-Jewelry industry group. Signet Jewelers is the No. 1-ranked stock within the group.
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