Gap Inc saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, with an upgrade from 73 to 83.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
History reveals that the market's biggest winners tend to have an RS Rating north of 80 as they begin their biggest climbs.
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While the stock is not near an ideal buy zone right now, see if it is able to form and break out from a proper base.
Gap Inc showed 22% EPS growth in the latest quarterly report, while sales growth came in at 2%.
Gap Inc holds the No. 7 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Urban Outfitters, Burlington Stores and lululemon athletica are among the top 5 highly rated stocks within the group.
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