On Wednesday, Build-A-Bear Workshop hit an important technical milestone, with its Relative Strength (RS) Rating rising into the 90-plus percentile with an improvement to 92, a rise from 88 the day before.
This proprietary rating tracks market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History shows that the market's biggest winners tend to have an RS Rating north of 80 as they launch their biggest price moves.
How To Use Stock Charts To Stay Profitable And Protected
Build-A-Bear Workshop is building a consolidation with a 48.23 buy point. See if it can break out in heavy trading. Note that it's a third-stage base. Such later-stage patterns involve more risk and are more likely to fail than earlier-stage consolidations.
In terms of fundamentals, the company has posted rising EPS growth over the last two quarters. Sales growth has also increased during the same period. Build-A-Bear Workshop is expected to report its next quarterly numbers on or around Mar. 12.
Build-A-Bear Workshop holds the No. 1 rank among its peers in the Retail-Leisure Products industry group. Dick's Sporting Goods and Hayward Holdings are also among the group's highest-rated stocks.
RELATED:
Which Stocks Are Showing Rising Relative Strength?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
