Ollie's Bargain Outlet saw a welcome improvement to its Relative Strength (RS) Rating on Friday, rising from 79 to 85.
IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matches up against the rest of the market.
History shows that the market's biggest winners often have an RS Rating of at least 80 in the early stages of their moves.
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Ollie's Bargain Outlet is working on a double bottom with a 115.42 buy point. See if it can break out in volume at least 40% higher than normal.
Ollie's Bargain Outlet reported -3% earnings growth in its most recent report, while sales growth came in at 3%.
The company earns the No. 2 rank among its peers in the Retail-Discount & Variety industry group. BJ's Wholesale Club is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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