On Holding stock saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, rising from 64 to 71.
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the market's biggest winners tend to have an 80 or higher RS Rating as they begin their largest price moves. See if On Holding stock can continue to rebound and hit that benchmark.
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Is On Holding Stock A Buy?
On Holding stock had a failed breakout from a cup-with-handle pattern with a 35.58 entry point in late March. While it's not currently an ideal time to buy shares, see if the apparel stock is able to form a base and break out.
The shoe and apparel company showed 0% earnings growth in the latest quarterly report, while sales growth came in at 34%. The company is expected to report its latest numbers on or around May 14.
On Holding stock holds the No. 5 rank among its peers in the Apparel-Shoes & Related industry group. Deckers Outdoor is the No. 1-ranked stock within the group.
