Macy's stock had its Relative Strength (RS) Rating upgraded from 61 to 74 Tuesday -- a welcome improvement, but still short of the 80 or higher score you look for.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily identifies share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the market's biggest winners tend to have an RS Rating of at least 80 in the early stages of their moves. See if Macy's stock can continue to rebound and clear that threshold.
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Is Macy's Stock A Buy?
Macy's stock has been pulling back in recent weeks and is not currently showing a potential entry point. See if the stock goes on to build a base that could spark a new run. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Macy's reported negative growth for both the top and bottom lines last quarter. Macy's is expected to release its next quarterly numbers on or around Mar. 2.
The department store stock earns the No. 3 rank among its peers in the Retail-Department Stores industry group. Sendas Distribuidora ADR and Macy's are also among the group's highest-rated stocks.
