Lovesac had its Relative Strength (RS) Rating upgraded from 68 to 80 Monday.
IBD's proprietary rating measures share price performance with a 1 (worst) to 99 (best) score. The rating 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 market's biggest winners typically have an 80 or better RS Rating in the early stages of their moves.
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While Lovesac is not near a proper buying range right now, see if it manages to form and break out of a proper chart pattern.
The company reported 0% earnings growth in its most recent report, while sales growth came in at -3%.
Lovesac earns the No. 8 rank among its peers in the Retail-Home Furnishings industry group. Williams-Sonoma, RH and La-Z-Boy are among the top 5 highly rated stocks within the group.
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