On Tuesday, Abercrombie & Fitch reached an important technical milestone, with its Relative Strength (RS) Rating climbing into the 80-plus percentile with an upgrade to 82, an increase from 78 the day before.
This exclusive rating from Investor's Business Daily measures 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 shows that the market's biggest winners tend to have an RS Rating of above 80 in the early stages of their moves.
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Abercrombie & Fitch is now considered extended and out of buy range after clearing a 140.28 buy point in a second-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Abercrombie & Fitch showed 37% EPS growth in the latest quarterly report. Sales gains came in at 14%.
Abercrombie & Fitch earns the No. 1 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Revolve Group and Urban Outfitters are also among the group's highest-rated stocks.
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