The Relative Strength (RS) Rating for Abercrombie & Fitch climbed into a new percentile Friday, with an increase from 77 to 82.
This exclusive rating from Investor's Business Daily tracks price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the best-performing stocks often have an RS Rating of above 80 as they begin their biggest price moves.
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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 offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Abercrombie & Fitch reported 37% EPS growth in its most recent report. Revenue increased 14%.
The company earns the No. 1 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Urban Outfitters and Burlington Stores are also among the group's highest-rated stocks.
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