Ralph Lauren stock saw a positive improvement to its Relative Strength (RS) Rating on Friday, with an increase from 70 to 83.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matches up against the rest of the market.
History shows that the top-performing stocks often have an RS Rating of over 80 in the early stages of their moves.
Looking For Winning Stocks? Try This Simple Routine
Is Ralph Lauren Stock A Buy?
Ralph Lauren stock is trying to complete a large cup with handle with a 129.04 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.
The American apparel maker posted 84% earnings growth in the latest quarterly report, while sales growth came in at 1%.
Ralph Lauren stock earns the No. 2 rank among its peers in the Apparel-Clothing Manufacturing industry group. Ralph Lauren and Oxford Industries are also among the group's highest-rated stocks.
