La-Z-Boy stock saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 69 to 79.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique rating identifies price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks often have an RS Rating north of 80 in the early stages of their moves. See if La-Z-Boy stock can continue to show renewed price strength and clear that threshold.
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Is La-Z-Boy Stock A Buy?
La-Z-Boy stock is building a wide consolidation with a 33.06 entry. See if it can clear the breakout price in heavy trade. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The home furnishings retailer reported negative growth for both the top and bottom lines last quarter.
La-Z-Boy stock holds the No. 5 rank among its peers in the Retail-Home Furnishings industry group. RH and Ethan Allen are also among the group's highest-rated stocks.
