On Tuesday, Tapestry got an upgrade to its Relative Strength (RS) Rating, from 64 to 76.
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks typically have an RS Rating north of 80 as they launch their largest climbs. See if Tapestry can continue to rebound and clear that threshold.
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Tapestry is working on a consolidation with a 48.80 buy point. See if it can break out in heavy volume.
The company posted 4% earnings growth in the latest quarterly report. Sales gains came in at -2%.
Tapestry earns the No. 5 rank among its peers in the Apparel-Clothing Manufacturing industry group. Ralph Lauren Cl A is the top-ranked stock within the group.
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