The Relative Strength (RS) Rating for Abercrombie & Fitch headed into a new percentile Friday, as it got a lift from 70 to 78.
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
History shows that the market's biggest winners often have an RS Rating north of 80 as they launch their largest runs. See if Abercrombie & Fitch can continue to rebound and clear that threshold.
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Abercrombie & Fitch has risen more than 5% past a 140.28 entry in a second-stage consolidation, meaning it's now out of a proper buy range. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
The company reported 37% earnings growth in the latest quarterly report. Sales gains came in at 14%.
The company holds the No. 2 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Revolve Group is the top-ranked stock within the group.
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