The Relative Strength (RS) Rating for Revolve Group stock entered a higher percentile Monday, as it got a lift from 66 to 73.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's proprietary RS Rating identifies technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains often have an 80 or better RS Rating in the early stages of their moves. See if Revolve Group stock can continue to show renewed price strength and clear that threshold.
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Is Revolve Group Stock A Buy?
Revolve Group stock is still within a buying range after breaking past a 29.18 buy point in a cup without handle. The proper buying range is up to 5% above the initial entry. Once a stock hits that benchmark, it's best to hold off investing and wait for it to set up another buying opportunity..
While the retailer's top line growth fell last quarter from 27% to 10%, the bottom line grew -27%, up from -48% in the previous report. Keep an eye out for the company's next round of numbers on or around Feb. 23.
Revolve Group stock holds the No. 9 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Boot Barn Holdings and lululemon athletica are also among the group's highest-rated stocks.
