In a welcome move, Signet Jewelers stock saw its Relative Strength Rating rise from 67 to 72 on Friday.
This unique 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 shows that the best stocks tend to have an 80 or better RS Rating in the early stages of their moves. See if Signet Jewelers stock can continue to show renewed price strength and clear that threshold.
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Is Signet Jewelers Stock A Buy?
Signet Jewelers stock is trying to complete a cup with handle with a 103.48 buy point. See if the retail stock can clear the breakout price in volume at least 40% above average.
Although earnings and sales growth came in at -19% and -8%, respectively, in the latest report, that marked acceleration for both EPS and revenue. The wholesale jewelry company is expected to release its next quarterly numbers on or around Dec. 5.
Signet Jewelers stock holds the No. 2 rank among its peers in the Retail/Wholesale-Jewelry industry group. Signet Jewelers is the No. 1-ranked stock within the group. For more industry news, check out "Retail Industry News And Stocks To Watch."
