The Relative Strength (RS) Rating for Ollie's Bargain Outlet entered a new percentile Wednesday, with a rise from 73 to 81.
IBD's unique rating tracks price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves.
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While it's not currently an ideal time to invest, see if the stock goes on to establish and enter a buying range in heavy trade.
Ollie's Bargain Outlet posted 14% EPS growth in the latest quarterly report. Sales gains came in at 8%. The company is expected to report its latest performance numbers on or around Mar. 19.
Ollie's Bargain Outlet holds the No. 3 rank among its peers in the Retail-Discount & Variety industry group. MINISO Group Holding ADR is the No. 1-ranked stock within the group.
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